Sentences with phrase «joint ownership title»

actually we own the deed to the land we don't own title, deed is joint ownership title is ownership..

Not exact matches

In some instances of joint ownership, however, a deed is unnecessary, as the surviving spouse will automatically take full title to the property immediately upon the deceased spouse's death.

A court may presume that a spouse who changed the title on a home from individual to joint ownership intended to make a gift of the home to the marriage.

A spouse can convert separate property into marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage, and will treat the property as jointly owned.

Some of the terminology is unnecessarily legalese («you hereby assign to us joint ownership») and there are too many of those bump bump bump noises that synonyms make when bouncing down the legal staircase («you keep all right, title, and interest» «assignment is or becomes invalid, ineffective or unenforceable»).

A spouse can convert separate property into marital property by changing title from individual to joint ownership, in which case a court would presume that the spouse intended to make a «gift» of the property to the marriage.

A spouse can convert separate property to marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage.

Joint ownership of possessions, joint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transJoint ownership of possessions, joint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transjoint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transjoint mortgage / loan, property title, joint bank statements; money transjoint bank statements; money transfers;

A spouse can change separate property into marital property by changing the title into a form of joint ownership, effectively making a gift to the other spouse.

One of the problems with joint tenancy ownership is that while the registered title might reflect joint ownership, the true beneficial owner might be one of the registered owners are in fact another unregistered owner in trust — as such, watch out for phony joint tenancies....

Certificates of Title issued in Joint Ownership where the names are separated with the words AND or AND / OR, do not carry the same meaning as With Rights Of Survivorship.

An exception exists if you muddied the waters of your separate ownership, such as if you titled a particular asset in joint names or deposited your separate money into a joint marital account.

Transmutation occurs when spouses change the ownership of property; for example, when a spouse changes the title of a home that is his separate property to a joint title in both spouses» names.

A legal relationship and method referencing the ownership of real property by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies, the remaining party (s) owns an undivided interest in the entire property; more legally referred to as Tenancy in Common with rights of survivorship.

Vesting 101 A presentation on the basics of vesting and explanation of different methods of taking title such as Sole Ownership, Tenancy by the Entirety, Joint Tenants with Rights of Survivorship, and Tenancy in Common and proper parties to contracts and types of typical deeds.

Four unities are required to create a joint tenancy: 1) Time: all joint tenants must obtain their interest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of possession.