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How does tor work on joint owner survivorship
How does tor work on joint owner survivorship






how does tor work on joint owner survivorship

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how does tor work on joint owner survivorship

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  • In other words, if your daughter’s boyfriend had taken out a mortgage on the home, your daughter and her boyfriend would probably still own the home as joint tenants with right of survivorship. Note: Although a transfer by deed of a home owned as joint tenants with right of survivorship interest terminates the joint tenancy, a mortgage or lease by one joint tenant generally does not. Your daughter’s boyfriend no longer has any interest in the home, and his death would have no effect on the ownership of the home. Your daughter and her boyfriend’s daughter now own the home as 50-50 tenants in common. Who owns the home now? What happens if the boyfriend dies?Īnswer: When the boyfriend deeded the home to his adult daughter, the joint tenancy with right of survivorship with your daughter was terminated. Without telling my daughter, the boyfriend signed a deed to the home to his 22-year-old daughter. Her boyfriend has been very sick with diabetes this last year. They have shared the costs of the mortgage and the maintenance of the home. In other words, if one of them dies the survivor was to get the home. The deed says joint tenants with right of survivorship. Question: My daughter and her boyfriend have lived together in a Peoria home for almost 15 years.








    How does tor work on joint owner survivorship