Joint Tenancy For Married Couples In Houston
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FAQ
Even if only one spouse's name is on the deed, any property bought during the marriage is presumed to be community property, unless it was bought with separate property funds. The spouse claiming it as separate property must prove it in court.
Joint Tenancies In Texas Unlike most states Texas does not automatically recognize joint tenancies as having a right of survivorship. Instead the parties must agree, in writing, to include a right of survivorship. Contact our offices to discuss your situation with our experienced real estate attorneys.
Texas follows an inception of title rule. This says that if a piece of property is acquired during the marriage, it is presumed to be community property regardless of how it's titled.
Texas is one of nine states that is a community property jurisdiction. In general, this means that any property acquired by a couple during their marriage (with a few exceptions) is equally owned by both spouses.
In a joint tenancy, when one owner dies, their share of the property passes to the decedent's heirs or the persons named in the decedent's will. In a joint tenancy with right of survivorship, when an owner dies, their share of the property goes to the other owners.
Each spouse owns a one-half undivided interest in the community property (in other words, they own it 50/50). Texas does not care how a married couple takes title to the property–whether they put a house, bank account, or car in one spouse's name, or both.
Texas law presumes that if two non-spouses are named as co-owners, and nothing more is said, they are tenants-in-common (Est. Code Sec. 101.002). This means they each person owns an undivided one-half interest in the property but there is no automatic right of survivorship.
Joint tenancy is most common among married couples because it helps property owners avoid probate. Without joint tenancy, a spouse would have to wait for their partner's Last Will to go through a legal review process—which can take months or even years.
Cotenant Rights Cotenants may not exclude other cotenants from possessing, using or occupying the same part or parcel. This undivided right of possession forms the basis of the coten- ancy relationship. Cotenants may terminate the cotenancy at any time by partitioning, which changes co-ownership to sole ownership.
Texas recognizes four basic types of ownership: sole ownership, community property, joint tenants, and tenants in common.