What is a survivorship deed?


A survivorship deed is a legal document that conveys a real estate title into the names of two or more joint tenants.

Upon the death of one of the tenants, the title for the property will automatically be transferred to the other party or parties on the deed. This type of deed is commonly employed when, for example, a couple purchases property together. If one partner dies, ownership of the property will automatically be transferred to the survivor. If the relationship changes before either of the partners die, as in the case of divorce, the deed can be redrawn, but will require the consent of both parties.
Q&A Related to "What is a survivorship deed?"
Instructions. Obtain a blank survivorship deed to use as a template. Your local property records office may have copies available. You can also find templates in the laws contained
You should make an appointment with an attorney who specializes in real estate law to make certain the deed is drafted properly according to the laws of your state. Errors made in
Short answer/typical usage: Used when a husband and wife purchase a house together. When the first spouse dies, the other becomes 100% owner of the property without having to go through
Hi, First off, the deed has nothing to do with the mortgage. It just pertains to who has rights and responsibilities if something were to happen to to the homeowner. Ask an attorney
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