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Joint tenancy is a form of property ownership normally associated with real estate. Each party in a joint tenancy has an equal interest in the propertythe financial obligations as well as any benefits.
Upon the death of the Life Tenant, the Life Estate terminates, and the Remainder Person owns the property 100%. However, you will need to file an Affidavit of Death in the property records to verify the Life Tenant is deceased and the Remainder Person owns the property 100%.
The grantor names the intended heirs as beneficiaries. The deed has no effect until the grantor dies, when the beneficiaries record an affidavit to receive the property. The affidavit of death of joint tenant is used to remove the name of a deceased joint tenant from a property title.
For example, if A and B Joint Tenants form a revocable trust with each other as beneficiaries, A and B both become Original Transferors. When the property passes to the other upon the death of A or B, the real property is not reassessed.
The grantor names the intended heirs as beneficiaries. The deed has no effect until the grantor dies, when the beneficiaries record an affidavit to receive the property. The affidavit of death of joint tenant is used to remove the name of a deceased joint tenant from a property title.

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How Do I Record an Affidavit? Take a certified copy of the death certificate of the deceased joint tenant and your affidavit to the recorders office in the county where the real property is located. The recorders office also requires a Preliminary Change of Ownership Report (PCOR) when filing the affidavit.
If parties hold title as joint tenants and one is deceased, the survivor may file an Affidavit of Death of Joint Tenant. It may be advisable to consult an attorney due to the legal aspects involving a change in ownership of real property. The above forms can be purchased at most office supply or stationery stores.
For example, if A and B Joint Tenants form a revocable trust with each other as beneficiaries, A and B both become Original Transferors. When the property passes to the other upon the death of A or B, the real property is not reassessed.

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