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

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The majority of banks set up joint accounts as Joint With Rights of Survivorship (JWROS) by default. This type of account ownership generally states that upon the death of either of the owners, the assets will automatically transfer to the surviving owner.
To change a name(s) on the title, you need to take the title to your local county Tax Collectors office and complete the necessary applications. You may only add a member of your immediate family, specifically your spouse, parent, child, grandparent or grandchild, to a title.
The difference between a joint tenancy and tenancy in common is significant. Under a joint tenancy with rights to survivorship, upon the death of the first owner, it automatically passes to the surviving owner. In a tenancy in common situation, you each own 50% of the property.
If you own property jointly with someone else, and this ownership includes the right of survivorship, then the surviving owner automatically owns the property when the other owner dies.
Joint tenancy is a form of co-ownership where two or more individuals share equal ownership rights to a property. Each owner has an undivided interest in the property, and if one owner passes away, their share automatically transfers to the surviving owner(s).
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Joint Tenants in Mississippi Mississippi recognizes joint tenancy with right of survivorship as a common form of joint ownership. This form allows multiple people or entities to own a title interest to the property, and comes with various rights and responsibilities.
A special warranty deed is a type of general warranty deed used to transfer ownership from one owner (a person, group of people or entity) to a new owner when the seller cannot guarantee 100% ownership of the property they are selling.

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