Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy - Illinois 2025

Get Form
Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy - Illinois Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy - Illinois

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the names of the Grantors (Husband and Wife) in the designated fields, along with their city, county, and state information.
  3. In the Grantees section, input the names of the individuals who will hold the property as joint tenants. Ensure that you specify 'joint tenants with right of survivorship'.
  4. Attach a legal description of the property as Exhibit A. This is crucial for identifying the specific real estate being conveyed.
  5. Fill in any prior instrument references if applicable, including book, page, and document numbers.
  6. Complete the signature fields for both Grantors and ensure they are dated appropriately.
  7. Finally, have a Notary Public certify the signatures by filling out their information and affixing their seal.

Start using our platform today to easily complete your Warranty Deed online for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
How to apply Fill in a new or updated trust deed - a conveyancer can help you do this. Download and fill in the form to cancel a restriction, if one has been registered. Prepare any supporting documents you need to include. Send the form and documents to HM Land Registrys Citizen Centre. Theres no fee.
If your co-owner is married, there is a risk of the property being subject to divorce proceedings. With something like a bank account, there is the risk that the co-owner could go on a spending spree and drain the account. In some situations, creating a joint ownership can also create gift tax or income tax problems.
Change from tenants in common to joint tenants You need the agreement of all the other joint owners to change from being tenants in common to joint tenants. A solicitor, conveyancer or legal executive can help you check what type of joint ownership you have if youre unsure.
While most married couples opt for joint tenancy due to its straightforward inheritance rules, tenancy in common can offer greater flexibility, especially for older couples concerned about estate planning and bequests.
A property being held in joint tenancy can be converted to a tenancy-in-common. However, in severing a joint tenancy you can only convert it to a tenancy-in-common if the shares are equally divided.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Further tenancy in common allows parties to hold unequal shares of property interest. Joint tenancy requires each co-owner to hold equal shares of property. Further, co-owners must transfer the deed at the same time. In this sense, joint tenancy is rigid compared to tenancy in common.

Related links