Florida Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy

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Joint Tenancy With Right of Survivorship (JTWROS) Each owner must own an equal percentage of the property (not, for example, 1/3 and 2/3). When one of the owners dies, the decedents interest in the property automatically passes to the surviving joint tenant, without the need for probate.
This requirement of the Florida constitution is referred to as joinder of spouse and simply means that the non-owner spouse must sign the deed or mortgage for it to be valid. Joinder of spouse is required even if the other spouse isnt a co-owner of the property and/or is no longer residing on the property.
Mortgaging and Conveyance: Even if a spouses name is not on the title, they generally must sign documentation related to the mortgaging or conveyance of the property. This is due to their spousal homestead rights, which protect their interest in the property.
Lack of Marital Status: It is best practice to include the marital status of the Grantor(s) and Grantee(s) on the deed. This is especially important for the Grantor(s) due to Florida homestead law, which requires joinder of the spouse for the conveyance of a primary residence property.
Joint Tenancy Definition Common Use: This form of ownership is popular among married couples or family members, as it ensures that the property passes to the surviving owner(s) without the need for probate. Legal Implications: In Joint Tenancy, each owner has an undivided interest in the entire property.
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Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.
Under Florida law, when you add the words right of survivorship to a joint tenancy, that means full title to the real estate goes to the owner that survives the death of the other(s). The survivor of the joint owners automatically owns 100% of the asset when the other joint owner (or owners) passes away.
Joint tenancy is most common among married couples because it helps property owners avoid probate. Without joint tenancy, a spouse would have to wait for their partners Last Will to go through a legal review processwhich can take months or even years.
In community property states, such as California, if you acquired your home while you are married, the value of your home is equally shared between you and your spouse, whether your name is on the deed or not. This is the default situation and prevents one spouse from losing the home in the event of a divorce.
The Florida Supreme Court said that real and personal property owned jointly by a married couple is presumed to be owned as tenants by entireties unless the couple has expressly disclaimed entireties ownership.

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