Streamline Your Process with Florida Quitclaim Deed for Joint Tenancy or Tenants in Common

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Florida Quitclaim Deed from one Individual to Two Individuals as Joint Tenants or Tenants in Common Grantor Reserves Life Estate Preview on Page 1

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When one of the spouses passes away, the property automatically passes to the survivor without the need for probate. However, if the survivor fails to take the necessary estate planning steps to avoid probate, there will be probate upon the death of the survivor.
Cons. Disregarding a will or owners heirs: Owners cant will their ownership share to their heirs. When owners die, their share of the home immediately passes on to their co-owner or co-owners. If you want to pass your portion of a home to a child, youll need a different form of ownership.
What is the right of survivorship? The right of survivorship is a right granted to joint property owners that ensures the transfer of one owners stake to the remaining property owner(s) in the case of his or her death.
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.
A joint tenancy in Florida has all the features of the tenancy in common except that all the joint tenants must have the same equal percentage of interest in the real property. The joint tenancy also does not avoid Florida probate.
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Two common types of survivorship deeds are the quitclaim deed with right of survivorship and the warranty deed with right of survivorship. The quitclaim version is a simple deed thats useful for transferring property to people to whom you are related, such as property transfers to adult children.
Joint Tenants with the Right of Survivorship is a manner of holding real estate where if one joint owners passes away the other acquires their interest in the subject Property. Fla. Stat. 689.15 provides that survivorship is not presumed and thus to hold title in this manner requires specific language on the deed.

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