The TWO words that MUST appear on your house deed!

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Stone Arch Law Office, PLLC

Stone Arch Law Office, PLLC

Күн бұрын

Пікірлер: 417
@ronaldohagenow1467
@ronaldohagenow1467 7 ай бұрын
I just watched this, I’m in Vermont and bought property from a friend of over 30 years in 2019, I’m now 70 years old, I was 65 when i bought this property, 1) Mistake one, I didn’t involve my attorney, my friend and I transacted the purchase w/o one, 2) I paid him in cash, $31,000, this was to be my summer retreat then I’d travel in my RV in the winter season. So you see I made 2 big mistakes, I trusted a friend and I trusted a friend. We’ve been in the courts for years trying to resolve this, he just refuses to sign over the deed, plus my attorneys just retired and moved to Europe. So I spent $31 K to my friend and another $30=K in legal to date, we’re not to old to learn a valuable lesson, never trust a friend w a contract, and have an attorney involved, great video. Hopefully I resolve this so my children don’t have to. Great video
@Number6_
@Number6_ 7 ай бұрын
No you trusted someone who you imagined was a friend and you trusted an American. Americans don't have friends they have business associates. It is only your desire to have friends that lead you to your mistake.
@user-tn1hk6zm2freedom
@user-tn1hk6zm2freedom 7 ай бұрын
My father always said you can trust people if you want, but don't!!!!!
@1notgilty
@1notgilty 7 ай бұрын
As the old saying goes: "He who represents himself has a fool for a client."
@bonesrhodes3762
@bonesrhodes3762 7 ай бұрын
-- did you just hand him $31K with no bill of sale being done ?
@suebl4037
@suebl4037 7 ай бұрын
For a short time, I went to auctions that required a letter of credit of a certain amount to get in. So a letter of credit should be enough to get the contracts signed; then a check written on that account would give a paper trail, and it is always good to have 2 witnesses (not family or close friends). I hope this will be settled soon, and you get the property in your name.
@mytwowoodpeckers9497
@mytwowoodpeckers9497 7 ай бұрын
It should be made clear that the vesting language on a Deed depends on the state. In Virginia, married couples hold title as "tenants by the entirety" with the full common law right of survivorship. Not "joint tenants.". Improper vesting on a Deed an have drastic unanticipated consequences.
@jvh8806
@jvh8806 7 ай бұрын
I just checked my deed in NJ we we just had a law firm do this past January and it does not say those 2 words.
@Quakeboy02
@Quakeboy02 7 ай бұрын
@@jvh8806 Call that law firm and have a talk with them.
@DrWhoRocks333
@DrWhoRocks333 3 ай бұрын
Same in Maryland. "Tenants by the entirety".
@Number6_
@Number6_ 7 ай бұрын
We went to a lawyer an expensive one. She had us as tenants in common and any one else with a claim. I had her remove that last bit. This shows that just because you pay big money for a professional they dont always work in your best interest or know what they are doing. Called billable hours.
@plantfeeder6677
@plantfeeder6677 7 ай бұрын
Next time seek an Escrow Officer.
@wakeup6759
@wakeup6759 6 ай бұрын
I've had the same experience. Based on my experience as a legal secretary, I needed to have my lawyer correct some of the things in my divorce decree and other papers. If lawyers had the correct advice, they'd be out of a job. And this goes across the board.
@laurie9993
@laurie9993 6 ай бұрын
Lawyers work in their own best interest ($$), your interests come second
@mikejohn0088
@mikejohn0088 6 ай бұрын
Oh, I guarantee she knew what she was doing. She was planning ahead to the day one of you die and she gets to help the survivor "fix it again."
@Number6_
@Number6_ 6 ай бұрын
@@mikejohn0088 Indeed. Called billable hours.
@procouswest20
@procouswest20 7 ай бұрын
joint tenants with rights of survivorship
@thecurator2626
@thecurator2626 6 ай бұрын
JTWROS
@BobSmith-kd6lq
@BobSmith-kd6lq 6 ай бұрын
Just had that done with my father's house.
@debel1206
@debel1206 6 ай бұрын
Yes indeed: Party 1 and Party 2, "As Joint Tenants With Full Rights of Survivorship"
@annsaunders5768
@annsaunders5768 6 ай бұрын
My atty told me community property is what you want written out! That is what deal my husband and I made. No taxes, no probate. Our Lawyer drew it up. 😊
@elizabethtaylor4440
@elizabethtaylor4440 6 ай бұрын
Yes that's what I have
@holly1391
@holly1391 7 ай бұрын
My life partner and I bought a house 14 years ago and I insisted we put joint tenants with rights of survivorship. He unexpectedly died in 2020. All I had to do was fill out a form at the county and the Deed was put solely in my name, easy peasy! Otherwise it would have been a nightmare!
@bluesky6985
@bluesky6985 6 ай бұрын
Tenant is a renter
@holly1391
@holly1391 6 ай бұрын
@@bluesky6985 Hi there, not in this case, here is the definition: “Under a joint tenancy, title to the property interest of a deceased owner automatically transfers to the surviving co-owner, without the necessity of filing a probate action in the probate courts.”
@bluesky6985
@bluesky6985 6 ай бұрын
@@holly1391 Warranty deed is not title to the property. Property can only be owned by allodial title. Tenant is a renter
@stonefox9124
@stonefox9124 6 ай бұрын
🤨 u insisted huh? Passed away early only 14yrs later huh? Easy peasy huh? I'd be investigating ur a**
@missylearned9821
@missylearned9821 6 ай бұрын
⁠@@bluesky6985How does one get an allodial title at this point in the republic?
@plantfeeder6677
@plantfeeder6677 7 ай бұрын
My mother was an Escrow Officer her entire working life even owning her own escrow company for over 20 years. She never let any couple not include "In Joint Tenancy" in any deed she drew up unless there was a specific reason they had for not wanting it. But she would always tell them they were not protected in right of survivorship if they didn't word it that way. Yes they really are the two most important words on a deed.
@Number6_
@Number6_ 7 ай бұрын
As you can see from the likes, Americans like other peoples bad news. It makes them feel better about their uncountable many failures. While others good news only reminds them of those. 😎
@plantfeeder6677
@plantfeeder6677 7 ай бұрын
​@@Number6_😐..... You need to take a break from the ganja dude.
@Number6_
@Number6_ 7 ай бұрын
@@plantfeeder6677 your momma! You need to be less of an ass and stop making up stories. 😘
@kathleenredick275
@kathleenredick275 7 ай бұрын
​@@Number6_ Wow. Where did you get THAT idea?
@oldtimefarmboy617
@oldtimefarmboy617 6 ай бұрын
@@Number6_ Project much?
@lindifuller9113
@lindifuller9113 7 ай бұрын
When my husband and I bought our house, at the closing the attorney never nentioned anything about joint tenants with right of survivorship. I found out it wasn't filed like that when I went to probate after he passed away. Because of that, I must wait a year before it is solely mine to sell or whatever. Even though he left everything to me in his will. It would have been nice if we had been made aware of this in the beginning.
@cashflowglo7262
@cashflowglo7262 7 ай бұрын
WOW. Thank You for sharing your experience.
@1notgilty
@1notgilty 7 ай бұрын
It's a good thing that your husband had a will and left everything to you. Otherwise, if you went to probate court his worldly possessions would have been divided up "per stirpes" among you and his other family members and descendants.
@rosepetals8181
@rosepetals8181 6 ай бұрын
Correct! ...THEY NEVER WANNA OFFER INFORMATION,OF WHATS RIGHT ,EVER...YOU MUST ASK AND FIND ANSWERS YOURSELF AND THAT IS WRONG WITH ALL THESE CONTRACTS AND LAW FIRMS... WE'RE ALL NOT IN PROFFESSIONS OF THE SAME,BUT IF THESE "SNEAKY ,SCANDALOUS FIRMS , AREN'T LOOKING OUT FOR THE PEOPLE... THERE'S NO REASON FOR THEM TO EXIST...THEY BECOME A PROBLEMATIC MESS,BY THEY'RE OWN FAULTS💯‼️NO HONEST WORKMANSHIP ,THAT MAKES THEM ,DECEITFUL,THEN YOUR WASTING YOUR PRECIOUS TIME ,HUNTING DOWN TRUTHS AGAIN...THAT MAKES THIS CORRUPT BUISNESSES💯‼️🔨✝️🙏 AMEN
@charlesoswald602
@charlesoswald602 6 ай бұрын
that attorney saved you big bucks because it comes to you at the value it is now and if it was in joint tennent you would have to pay taxes on capital gain because it comes to you at what you and your husband paid for it when you bought it
@missylearned9821
@missylearned9821 6 ай бұрын
⁠@@charlesoswald602Hmmmm…even though it was in her name all along?
@Leeahtee
@Leeahtee 6 ай бұрын
You explained the terms "Joint-Tenancy" vs "Tenants in Common" so CLEARLY. I've read a few definitions of these terms and this is the first time it made sense to me. I wish you would write a real estate book. The 2 I've read are hideous in their explanations. Every page left me thinking, "What did that mean?"
@BENJAMIN-zi4gv
@BENJAMIN-zi4gv 6 ай бұрын
Now I'm Confused. He said ... Joint Tenants. with Full Rights of Survivorship. You are saying... Joint-Tenancy? I'm going to watch it again.
@missylearned9821
@missylearned9821 6 ай бұрын
@@BENJAMIN-zi4gv. I’m just going to remember JTWROS - Joint Tenants With Rights Of Survivorship
@andreavandekleut6379
@andreavandekleut6379 7 ай бұрын
thank you that was good information and we didn,t have to sit through a long winded ad from some other advertiser to finally get a small crumb of useless information we already knew , from ( other YT "law " channels).I liked and subbed,
@mac-ju5ot
@mac-ju5ot 6 ай бұрын
Thank u it's great advice. My mother never had a will drawn out so I got kicked out prior.its almost like my sister planned it this way. I didn't want to stand in their way either but it did shake me up.going back for even Christmas is tough..it's unfair that I've always been treated kind of like a servant.
@annjean8709
@annjean8709 7 ай бұрын
Great video! Thank you for sharing this valuable information. 🙏🏾
@darrellsephus5378
@darrellsephus5378 6 ай бұрын
My partner and I owed six lots in Elizabethtown NM. We completed and submitted the new deed as joint tenants. He died two years ago so I drove, from CA, to NM with his death certificate. I was then informed that we were listed as equal owners and that I would need to go through probate. I said no a mistake has been made on the part of the assessor as our paperwork has us listed as joint tenants. Well, our cabin was broke into and our safe with the paperwork was stolen. I spoke with the Probate judge who stated that we would have to go through probate. He suggested I contact the district judge to see if he would let me be the inheritor due to our long relationship. I have not pursued this yet. Obviously, along with his death, this has caused considerable stress for me.
@pubmeatman
@pubmeatman 7 ай бұрын
In Florida we can draft an Enhanced Life Estate Deed aka a Lady Bird Deed. This passes your house upon death to the listed beneficiary without probate.
@shadrach6299
@shadrach6299 6 ай бұрын
You can avoid probate if you put your property in a revocable trust
@rosepetals8181
@rosepetals8181 6 ай бұрын
Am I THE ONLY ONE THAT THINKS PROBATE IS CORRUPT...LOOK AT THE WORDS...PROBATE! IT'S NOT UP FOR DEBATES ‼️💡🙄,LOSING ALL YOUR LOVED ONES BELONGINGS OR YOUR PARENTS THINGS THAT THEY WORKED THEIR WHOLE LIVES TO TAKE CARE OF YOU or THEY'RE CHILDREN,JUST FOR ,#1 ...TOO GET CAUGHT UP IN COURTS AND PROBATE LAWYERS TO PLAY GAMES👁️,THAT PLAY GAMES, AMONGST THE B.S., I'VE HEARD OUT OF THEY'RE MOUTHS👁️,YOU KNOW WHO YOU ARE✌️✝️ AND IT'S JUST TURNED INTO A BIG GAME OF CORRUPTION IN THE COURTS, UNNECESSARILY,MIND YOU...OVER MONEY AND ITEMS THAT BELONG TO THE FAMILY IN THE FIRST PLACE🔨✌️👁️GODS HAMMER ... THATS THE BOTTOM LINE...SO YOU CAN MAKE UP ALL THE B.S.LAWS YOU WANT ...YOUR GONNA FACE GODS LAW EVENTUALLY 🙏✝️MERCY ON YOUR SOULS💯‼️🇺🇸 AMEN 🙏⚖️
@Reed-2big
@Reed-2big 6 ай бұрын
@@shadrach6299Not in all states.
@pinschrunner
@pinschrunner 6 ай бұрын
​@@shadrach6299a Lady Bird deed is more desirable in Florida because the property can have all the benefits of limiting taxes if you qualify as a resident and homestead the property. The tax increases by value cannot exceed 3% per year. Millage can rise by more but not assessed value. Revocable trusts have no such protection
@BENJAMIN-zi4gv
@BENJAMIN-zi4gv 6 ай бұрын
I think thats what I have. I'm in SouthWest Florida. My Mom got the loan. I paid it off. We are listed as Co Owners. I better get my deeds out and check up on it. If not. Do I just need to go to the county courthouse to ad it?
@nadia05681
@nadia05681 8 ай бұрын
Good information, thank you!
@dtyallen9864
@dtyallen9864 7 ай бұрын
Thanks for sharing.
@darrennew8211
@darrennew8211 7 ай бұрын
Short and sweet explanation. Love it. JTWROS is usually how I see it.
@kaebella2259
@kaebella2259 7 ай бұрын
I have a deed as Joint Tenants with right of survivorship (JTROS), with an ex-fiancé (of 15 years). We broke up, he married, and later died. We never changed the paperwork, but on his deathbed he did quitclaim deed his portion (mistakenly(?) between me and his wife - which now equates to me 75%, and her 25%). We are in the thick of a legal battle now. Unfortunately, she has ruined the house and still lives there today.
@stuartholmes6369
@stuartholmes6369 3 ай бұрын
If everyone kept complex matters this SIMPLE everyone would be thankful...thank you Philip.
@yu-jd5jg
@yu-jd5jg 3 ай бұрын
Lawyers tend to write pages and pages in a contract to get a higher fee?
@AhJodie
@AhJodie 16 күн бұрын
Thank you very much for this information! I don't have joint owner, but I have my deed listed with a Transfer upon death deed part, which has the person I choose listed to get the house if I die. It was easy to do at the courthouse for under $50.
@daviddoss1104
@daviddoss1104 7 ай бұрын
In Florida all you have to do in the the deed is mentione husband and wife or married couple and it’s presumed that it’s meant to be in an estate by the entireties or joint tennis with right survivorship.
@1coppertop
@1coppertop 7 ай бұрын
The home i bought had a 1/8th ownership to the daughter of the wife that pre deacesed her husband. It never went to probate after she died and it was found during refinancing. My title insurance bought her share and deeded it to me at no charge.
@bonesrhodes3762
@bonesrhodes3762 7 ай бұрын
I'm thinking that the term "refinancing" is the important word here - your title insurance company was the one you used when you made the original purchase ? Correct ? If so, they were simply fixing their own mistake not doing you any favors - they would have had no choice in the matter. Scenarios like that are why you buy title insurance.
@ChrisMcCutcheon-wj2pp
@ChrisMcCutcheon-wj2pp 7 ай бұрын
Titling companies are at fault in most cases, but you must sue them last, realtor first, then broker, then titling comp, after losing your ass, NWO ain't it great
@mominthe209
@mominthe209 7 ай бұрын
That’s why you buy title insurance. Someone wasn’t looking closely at the prior deed.
@ChrisMcCutcheon-wj2pp
@ChrisMcCutcheon-wj2pp 7 ай бұрын
@@mominthe209 the title comp admitted it, title ins was bought, as with anything else in the US, the payer is the ultimate loser
@OrlaQuirk
@OrlaQuirk 6 ай бұрын
Thanks for this info. Just a hint from someone who knows. If your parents are divorced, or if one is dead, the second spouse (or side piece) can easily end up with everything that your parent thought would come to you. Right to survivorship on bank accounts and property means if Your Parent dies before the side piece, the side piece gets everything. If your dad thinks the stepmother will give you your dad's stuff, he's probably a fool. (I got a radio, a tee shirt from MY college, and a novelty gift I had given my dad.) Make sure your stuff is going where you want it to go !
@SandraAnnEvans
@SandraAnnEvans 3 ай бұрын
WOW.
@onenikkione
@onenikkione 3 ай бұрын
Talk to your parents and encourage them to have a last will
@billydoyle9984
@billydoyle9984 7 ай бұрын
GOOD Advise Thank you Very Much
@randyd9805
@randyd9805 7 ай бұрын
Good to know. I bet a lot of people found this out the hard way.
@daveofyorkshire301
@daveofyorkshire301 7 ай бұрын
Create a Family Trust (or the American equivalent) anybody with anything does it to prevent direct association, unnecessary transfers or taxation fees or property seizures, leans or asset taxes. You become trustees of the trust and there is no ownership transfer. Effectively it's like an asset holding company and you're on the board of directors along with others usually family members to prevent you being a sole owner/operator. How do you think the rich keep what they've got, reduce taxes and legal liability on assets they perhaps cant afford upon a death?
@sheridansplace1607
@sheridansplace1607 7 ай бұрын
Can you trust who does the paperwork? My Mother had one drawn up come to find out it was done wrong and she was never protected. Found this out years later by another attorney for something totally different.
@markkulyas2418
@markkulyas2418 7 ай бұрын
Now tell us how we get rid of property taxes
@randyd9805
@randyd9805 7 ай бұрын
Simple, own nothing and you will be happy. That's what the head of the World Economic Forum says anyway and he's great friends with Bill Gates and a LOT of world leaders. I wish this was a joke.
@mafirearmsafety
@mafirearmsafety 7 ай бұрын
Government theft!
@thatguyinelnorte
@thatguyinelnorte 6 ай бұрын
Move to China. There you can't even own property, just lease from government.
@aw8079
@aw8079 6 ай бұрын
Move to Afghanistan. or Mars. or Hell🖕.
@wakeup6759
@wakeup6759 6 ай бұрын
property taxes are another word for rent. lifelong rent, that is. so it'll never go away.
@deliciaford4343
@deliciaford4343 6 ай бұрын
Thanks I never knew this great information!
@crawwwfishh3284
@crawwwfishh3284 3 ай бұрын
We paid our home off after a small company with three branches took over our loan when our bank closed down. They sent me a title and I put it in the safe and never looked at it again. My luck it goes to Uncle Sam. Thanks for your knowledge.
@simonpaine2347
@simonpaine2347 6 ай бұрын
Excellent job. "If I die my wife just gets the house probate free, we don't have to go to court for that" because clearly WE won't both be here!
@LB-fz5fx
@LB-fz5fx 11 күн бұрын
because clearly WE won't both be here; WHAT?
@simonpaine2347
@simonpaine2347 11 күн бұрын
@LB-fz5fx It's just a little irony really. Basically he said that if he dies then he won't have to go to court with her because they have arranged automatic probate. I was just pointing out that if he's dead, then he won't be able to go to court, so it can't be WE! Hopefully that explains it!
@lblb2908
@lblb2908 10 күн бұрын
Oh, ok. Thank you for the explanation. LB.​@@simonpaine2347
@sharonkaysnowton
@sharonkaysnowton 7 ай бұрын
Joint tenants- Good to know.
@truthseekerKJV
@truthseekerKJV 6 ай бұрын
I'd ask a real lawyer. Don't trust these pit vipers on social media.
@missylearned9821
@missylearned9821 6 ай бұрын
I would think the more important aspect is the following “with rights of survivorship”.
@susano.7371
@susano.7371 3 ай бұрын
This is true…I worked for lawyers for 23 years …there is also something called a Transfer on Death deed, which allows you to name beneficiaries to your property at the time of death…this is also called a “Lady Bird” deed in certain states
@Sabbathissaturday
@Sabbathissaturday 7 ай бұрын
This depends on which state you live in!
@ZoomZoom-ng6sn
@ZoomZoom-ng6sn 7 ай бұрын
Very useful. Mine says Husband and Wife as Joint Tenants.
@BENJAMIN-zi4gv
@BENJAMIN-zi4gv 6 ай бұрын
What happens in the even of a divorce? There might be different Husband and Wife. I think your names need to be on the deed. Not status. He said Their names as Joint Tenants, with Full Rights of Survivorship
@Normal1855
@Normal1855 7 ай бұрын
What if the parent says the house goes to the child, and puts their name on the deed?
@Devy-o2p
@Devy-o2p 6 күн бұрын
I'm an LDA in California. Bad idea.
@davideckberg-p7l
@davideckberg-p7l 7 ай бұрын
Simply add "and not as tenants in common" after joint tenants.
@dubsounds
@dubsounds 6 ай бұрын
@@Jeffreymart Smoking a common joint
@Suverenas
@Suverenas 7 ай бұрын
Tenants in common or joint tenants - still tenants, meaning you don’t own the house. The state owns it. Annual tax is your rent payment. Put it in the Trust to avoid probate. When you die Trust lives.
@nonnalovepriceless
@nonnalovepriceless 6 ай бұрын
But I don’t have a house not even a flat not even a room that belongs to me 😂😂😂😂 but I do understand what your saying Thankyou so much that’s so good to know 😊
@quraiskyzz7070
@quraiskyzz7070 3 ай бұрын
GOOD info glad your promoting caution and awareness.
@joemunch58
@joemunch58 6 ай бұрын
Many deeds aren't signed by the grantees. In Texas, to create a survivorship, both / all grantees must sign.
@bradleyw3771
@bradleyw3771 7 ай бұрын
How do you OWN something If you Are a Tenant. which is a Renter???
@lauriebak
@lauriebak 7 ай бұрын
Renter is the most common usage today, but it’s not the only usage. It can also refer to someone with the right to live in a specific property due to possession of title of that property. So, it can also refer to people who own a property, as it does on a deed.
@SteveGirard-gb6lr
@SteveGirard-gb6lr 7 ай бұрын
You dont own it stop paying your property tax and the real owner will come knocking
@user-xc7iq4cm8t
@user-xc7iq4cm8t 7 ай бұрын
Or be a victim of deed/title fraud, predatory lending, you will own nothing
@dubsounds
@dubsounds 6 ай бұрын
@@user-xc7iq4cm8t But you do own your shot gun. Don't you?
@christopherkidwell9817
@christopherkidwell9817 7 ай бұрын
Nope: Numerous estate lawyers have said "That is not how it works in the real world, joint ownership is joint ownership and right of survivorship is automatically there!" You do not need probate for that in the real world. This sounds like a "You need to fix the law!" issue and not a "You made a mistake!" issue.
@markkiser9329
@markkiser9329 7 ай бұрын
words of art
@josieanonymous961
@josieanonymous961 7 ай бұрын
Thank you, good information to know!
@adamcaldwell63
@adamcaldwell63 7 ай бұрын
Wish I could get the land patent on my property here in Oklahoma
@Chris_at_Home
@Chris_at_Home 7 ай бұрын
The properties I own I bought from our state in auctions. I got a patent for the land. I also am the first private owner of those properties.
@bigbrother9531
@bigbrother9531 7 ай бұрын
Learned this many years ago in real estate law. Went to the bank and gad to explain what JTWROS meant.
@laurenskipp4348
@laurenskipp4348 6 ай бұрын
I’ve gone through probate 2 times & still fighting with Wells Fargo over my dad’s house. The deed was done 2019 & they were ordered to turn the note over but they never did! It’s been a nightmare! Here the house should have been paid off by their insurance company w/ credit life at the very beginning! I’m so pissed! 😡
@dw58
@dw58 6 ай бұрын
Gratitudes !
@wiseforce7045
@wiseforce7045 7 ай бұрын
I heard something about medicare & Cal ( state I live in currently ) could try to take the house as payment ? Anyone heard of this and if so how to avoid it?
@Quakeboy02
@Quakeboy02 7 ай бұрын
I don't think medicare would or could do that, but medicaid is a whole 'nother evil.
@BENJAMIN-zi4gv
@BENJAMIN-zi4gv 6 ай бұрын
I see lots of questions but no answers. I've asked a couple too. Your is a important question. I hope someone answers you. Because i need to know that too. I am my 88 year old moms caregiver. We are co-owners. She got the loan. I paid for everything. It's now paid off. I don't want the government taking My Money. I'm hoping if you get a answer. Since I commented too. I will get notified. Good luck
@missylearned9821
@missylearned9821 6 ай бұрын
@@BENJAMIN-zi4gvif it’s paid off, as a minimum you should have your mom add your name to the title. Especially while she is in good cognitive health. Pronto,
@redbone7040
@redbone7040 3 ай бұрын
If you go into a nursing home they're coming for the house for payment
@threeftr3349
@threeftr3349 25 күн бұрын
@@redbone7040 Yea, that deed needs to be one name, if you can see it coming., change 5 years before that occurs. They do a 5 year look back for assets.
@Hawka-Loogy
@Hawka-Loogy 8 ай бұрын
In a community property state, you might not be able joint tenancy?
@lauriebak
@lauriebak 7 ай бұрын
Community property states typically offer a few options for married couples to choose when deeding a property. In California, for instance, you can choose Joint Tenancy. But you can also choose from other options, such as Community Property with Right of Survivorship. Are you aware of a community property state that doesn’t have deeding options? Genuinely curious. Thanks!
@atllzable
@atllzable 6 ай бұрын
Thank you for this..Thank you...
@lorrainefairfield774
@lorrainefairfield774 7 күн бұрын
Buyers of property need more than just “Joint Tenants” as a deed title. In many states “Joint tenants” can be an ambiguous title, it can be challenged as to whether the parties meant w/ right of survivorship or more as a “tenant in common” type of ownership. It is better to clearly define it as “Joint Tenant w/right of Survivorship” if you want your ownership to pass thru to the other joint tenant on your death so it would not go through probate (some states automatically recognize “Joint Tenants” meaning with right of survivorship” ). But even in that case some states still require a notice of deed title name change recorded in probate/land court. Most married couples choose to be titled as “Tenants by the Entirety” only reserved for married couples. Each of the couple owns 100% of the property there needs to be no probate in this case. The couples interest in the property automatically passes to the other without probate when one dies. Not all states use the term “Tenants by Entirety” title.
@cherylmorand8098
@cherylmorand8098 7 ай бұрын
Research COMMON LAW people.
@noldaker
@noldaker 6 ай бұрын
Tenancy by the entirety in Florida is a form of joint ownership that protects property from creditors of either spouse. With tenants by entireties, both spouses own an undivided interest in 100% of the property. If either spouse dies, the surviving spouse inherits full ownership of tenants by entireties assets.
@TheTangoAlfa1
@TheTangoAlfa1 17 сағат бұрын
A quitclaim deed doesn't contain the words "joint tenants." Will the home need to go to probate?
@jimwhalen6769
@jimwhalen6769 7 ай бұрын
If this is not on our deed, how do we change it? Or can we change the deed?
@BobSmith-kd6lq
@BobSmith-kd6lq 6 ай бұрын
Go to a title company and ask them.
@jimwhalen6769
@jimwhalen6769 6 ай бұрын
I got my deed out and it does have this phrase in it!
Ай бұрын
how do they determine whathalf is? half on market value?
@cattychong5497
@cattychong5497 6 күн бұрын
I can't find any wording "Join Tenant" on my deed for two houses that my husband and I bought. We live in Texas and it is community property state. When we bought the houses, the title company prepared all documents for us to sign. Any particular section the Join Tenant should be on? Please give me some guidences. Thank you.
@david-o6g1h
@david-o6g1h 6 ай бұрын
I've heard/read that if you're listed as a "tenant" on your deed, and not an "owner," you legally do NOT own the property. You are, in fact, a tenant (renter), despite even paying off the mortgage. True or false?
@daliddleOne
@daliddleOne 6 ай бұрын
Well now, I haven’t yet looked at our deed as it’s late now. I’ll do it tomorrow. How do I get it changed if it’s not how you said it should read? Thank you for sharing your most important knowledge!
@josephtucciarone6878
@josephtucciarone6878 7 ай бұрын
Thank you.
@jvh8806
@jvh8806 7 ай бұрын
Hello - Is this the rule in each of the 50 states ? I thought each state had their own rules for deeds. Thanks
@jazzcatt
@jazzcatt 6 ай бұрын
You are correct. You need to check the rules/laws of your state. Stupid, but true. In my opinion real estate law should be the same in all states.
@lesawilkes5673
@lesawilkes5673 7 ай бұрын
can you just sign a "quit claim" and keep it until needed?
@kimmyk1
@kimmyk1 7 ай бұрын
Generally yes but will need to file it of record.
@patrickpaes6653
@patrickpaes6653 7 ай бұрын
what haens if it is in a trust
@ChrisMalfaIIX-k9b
@ChrisMalfaIIX-k9b 6 ай бұрын
Amen to you brother
@cheryltitus9460
@cheryltitus9460 7 ай бұрын
What if deed says daughter owns at my demise?
@susanworden6459
@susanworden6459 6 ай бұрын
Thanks very much.
@margaretdonogriche3195
@margaretdonogriche3195 4 ай бұрын
I made an Estate deed and put my daughter on it, that way my house will be hers to sell or whatever. When my husband was alive both our names were on the deed.
@lanierosenberg
@lanierosenberg 25 күн бұрын
What happened to "tenants in the entirety," which I thought applies to property owned by married couples?
@evelyntaylor4470
@evelyntaylor4470 7 күн бұрын
I am single. I have 2 adult children. Can I add them as joint tenants to my house? Thank you!😊
@jimfoo-6041
@jimfoo-6041 2 сағат бұрын
Thats,what I hear!
@SAM-dm5qg
@SAM-dm5qg 7 ай бұрын
Thank You For Sharing 🇺🇸 👀 🤔
@gbinman
@gbinman 6 ай бұрын
I owned my house when my wife and I were married in 2017 In Texas. Subsequently I added a TOD to the deed with the idea that it would cause the property to bypass probate. I did the same will all bank and brokerage account add POD provisions. Lastly all vehicles have TODs. It there any disadvantage or flaw in this approach. We do have wills, advanced directives, etc. My only heirs are a sister and nephew who are doing well. My wife could manage on her own without me or my estate though my pension income would cease, which I why I want her to have the house and monies to maintain her lifestyle if I predecess her. With the PODs and TODs, there isn't enough items of value to be concerned with.
@divingduck9
@divingduck9 5 ай бұрын
joint tenants. not applicable if u r sole owner. bill of sale is insufficient for real estate or vehicles. of course u must get title! eziest way is to have owner (if it is owned outright) sign a quit claim deed over to u at time of sale, in front of notary that is notarizing it. buyer gets deed, seller gets money. if it is mortgaged u best get a title company & buy title insurance.
@1aliveandwell
@1aliveandwell 7 ай бұрын
Will go back and check what the attorney did when changing our place from Mom's which was in a trust to us 3 children(grown). So not sure if I should put my 1/3 into a trust so if I pass will go to my 2 children..
@etutlf4176
@etutlf4176 6 ай бұрын
In a community property state, the deed says "husband and wife". Is this the same as "joint tenants with rights of survivorship"?
@evangiles4403
@evangiles4403 6 ай бұрын
I don't know what America does but you cannot have a DIY title deed any title must be registered with the land titles office and the tenant in common or joint is for mortgage purposes so they know what the mortgage was put under since with tenant in common if it goes belly up they can only take that person's share of any proceeds where if joint the both are equally liable for discharge of debt
@bonchidude
@bonchidude 6 ай бұрын
thank you
@inspirationsfordailyliving9080
@inspirationsfordailyliving9080 5 күн бұрын
Or have a lawyer darft for you a "Transfer of deed." document that allows the person beneficiary to receivie Ownership of the house without passing through probate and related taxes and fees.
@winniethepoohandeeyore2
@winniethepoohandeeyore2 3 ай бұрын
That's what mine says, Joint tenancy right of survivorship
@MsStarlena
@MsStarlena 5 күн бұрын
How can I find out if a deed has that wording in it my Sister took my Mom’s home sold it and kept the money from the sale!! Disappointed in Ohio
@LB-fz5fx
@LB-fz5fx 11 күн бұрын
I enjoyed this video, and we (my family) want to do the JTWROS. However, I'm finding it impossible to find the forms to do this. How can I email you?
@robinberry4957
@robinberry4957 Ай бұрын
What happens when my mother was on the deed and she died in 2001 when she purchased it and it was in her name in 1974? My brother and I got screwed because we didn’t realize when we signed a quit claim deed to give my father a house we didn’t even know we owned.
@ToniM10
@ToniM10 7 ай бұрын
If 2 Siblings own the SAME Property..I think it would be "Tennants in Common"... Correct.???... I DON'T WANT MY HALF TO GO TO HIM... I have my OWN Beneficiary... ✌️❤️😎👍
@Newlinjim
@Newlinjim 4 ай бұрын
File a beneficiary deed @ the courthouse. Best to only file 1 beneficiary,avoid probate,maintain stepped up cost basis. Easy peasy.
@teresadonaldson-smith3838
@teresadonaldson-smith3838 7 ай бұрын
I need a referrals for my husband and I. We have no children. We are retired. We live in Texas.
@timk4502
@timk4502 7 ай бұрын
So all this is about 'Property/Real Estate Deeds of Ownership' yet the Supposed Owners of the Property are listed as Tenants or Joint Tenants rather than 'Owners' Hmmmmm.... Makes you wonder if they're really Owners of the Property or just 'Renters/Tenants'!? 🤔
@victoryamartin9773
@victoryamartin9773 6 ай бұрын
If there are joint tenants, do they both (all) have to sign to sell the property?
@davidcarlen8363
@davidcarlen8363 7 ай бұрын
I used a lawyer 30 years ago it's still screwed up, I sold a house lawyer fd' it up
@alcopower5710
@alcopower5710 6 ай бұрын
Can you gave 3 people listed as Joint Tenants with rights of survivorship?
@BENJAMIN-zi4gv
@BENJAMIN-zi4gv 6 ай бұрын
I don't think I have this on my Home Owner documents. How do I go about doing it? My name and Moms Name are listed as Co-owners. She got the loan which is now paid off. I paid it off. She's 88 I'm 61. I remember signing something saying. If one dies the other assumes sole ownership
@gngd5351
@gngd5351 6 ай бұрын
Why husband 50 and wife 50? Can you explain why?
@leesapage-long5805
@leesapage-long5805 7 ай бұрын
Question My husband & I, married since 1996. Bought our house in 2003. Due to my bad credit at the time of purchase. Our house is in his name only. What do we need to do, to protect me? We live in Oregon & our current balance owed is less than $18k
@Mike1122.
@Mike1122. 7 ай бұрын
Why didn’t he add you to the deed at closing? I understand he’s on the loan but he should have added you to the original deed. Now, It’s very common, add yourself to the deed with him and you both sign and file at the county recorder.
@OGmediaErica
@OGmediaErica 15 күн бұрын
Our county never told us where to place the real deed. It’s stuck in my husbands mom and dad’s name! They also falsified addresses and took it to like we were a different county and everything! They have both those words on the falsified deed that has my husbands ex on and he never signed that! It’s forged and his identity was stolen by his ex and a banker.
@rickw3243
@rickw3243 6 ай бұрын
What about “Tenants by the Entirety “ for married couples?
@yourworstfear
@yourworstfear 3 ай бұрын
PAID OFF!!!!!
@Clarc115
@Clarc115 4 ай бұрын
What are the implications when the couple, listed as man and wife, own the property in the Entirety and one spouse is the survivor?
@TR-BA369
@TR-BA369 4 ай бұрын
THANK YOU 😊
@rongendron8705
@rongendron8705 4 ай бұрын
My wife & I have a house deed, that doesn't appear to have the JTWROS on it! Can it be added later?
@BroncoYeller
@BroncoYeller Ай бұрын
I don't understand you said "Joint Ownership with right of Survivorship" and then said "Joint Tenancy with with right of Survivorship." Which is it?
@angiliquedavison
@angiliquedavison 3 ай бұрын
What about the 2 words, "Upon Death" and the percentage that each beneficiaries listed gets. thats what I have now and is legal with the registor of deeds. I'm single, no kids.
@toddrhine7648
@toddrhine7648 6 ай бұрын
Is it to late to have the Joint Tennantcy done to our dee?? Bought the house w/ cash some yrs ago using our friend that was a realtor. Both names of g/f was put on it but Joint Tennantcy was not mentioned at all. What is all involved to have this done??? Thx so much.
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