Get NH 2637 2011-2024

Tennessee is an “equitable distribution” state. This means that once property is classified as marital or separate, the trial court must divide marital property equitably according to the factors listed in T.C.A. § 36-4-121(c).

Signing Requirements – Must be signed by the grantor(s) in the presence of a Notary Public or two (2) subscribing witnesses (T. C. A. § 66-22-101).

Transfer-on-Death Deeds for Real Estate Tennessee does not allow real estate to be transferred with transfer-on-death deeds.

Ownership as Tenancy by Entirety is only available to married couples. Under Tennessee law, a married couple can own property (both real and personal property) as tenants by the entirety.

Tennessee Transfer-on-Death Deed Form Tennessee law does not recognize transfer-on-death (TOD) deeds. In states that authorize them, TOD deeds allow real estate to automatically transfer to a named beneficiary upon the current owner's death.

An affidavit of heirship is the simplest way of transferring real property after a person has passed away. When a person dies in Tennessee without a will, real estate immediately vests in the heirs of the decedent.

A Tennessee special warranty deed guarantees to the new owner (grantee) against claims on the property during the grantor's ownership period. The grantee will be liable for any claims prior to the grantor's ownership which can be resolved through a title search.

Sole Ownership in Tennessee Tennessee does not recognize community property, homestead, or dower and curtesy. This means that spouses can buy, sell, or own property without the involvement of the non-owner spouse. The only exception to this is when using a deed of trust.

a) The survivorship interest which typically would arise in a joint tenancy under common law is not recognized in Tennessee.

For childless marriages, every piece of property that a decedent owned will be left to his or her spouse. But if the decedent had children with his or her spouse, with another person or both, the intestate estate is divided evenly among all parties.