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My husband & I own our property jointly, if one of us dies,

My husband & I...

My husband & I own our property jointly, if one of us dies, how does that effect the property?

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

Moore County North Carolina

Lawyer's Assistant: What steps have you taken so far?

What do you mean what steps

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No, that's it

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Answered in 1 minute by:
3/19/2018
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,565
Experience: Attorney with 29 years of experience.
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Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

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Good afternoon. Can you provide me a bit more information? Are you both on the title as joint tenants with right of survivorship? Or, does the deed just mention both your names as joint tenants, but with no "right of survivorship?"

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Customer reply replied 1 month ago
I'm not sure of the answer to that question, I'll have to find the deed and check.
Could you explain the difference?

Sure....If you are on the title as joint tenants with right of survivorshp, when one joint owner dies, title vests in the surviving owner automatically outside the will and outside of probate. If not, then when one owner dies, then his/her ownership interest in the property transfers under his/her will.

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Thank you so much for the 5-star rating! I know rating takes an additional step and I truly appreciate you taking the extra time! It's been my honor and privilege to help you with this. If I can help you in any way in the future, I'll be happy to help. For easy access, my bookmark is: www.justanswer.com/law/expert-legalbeacon/ . Or, simply request “Richard only” in the first line of your question.

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Richard
Richard
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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