Joint Tenants Or Tenants In Common On Death In Virginia
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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FAQ
Joint ownership in real and personal property. Any persons may own real or personal property as joint tenants with or without a right of survivorship.
In Joint Tenancy in Virginia, all owners must control equal shares of the property. This is as opposed to Tenants in Common, where two people may own 50% each, or four people own 25% each, or some other portion of the whole. In Tenancy by the Entirety, each married spouse owns 100% of the property.
In the event of death or divorce courts will have to determine which property is separate property and which property is owned by both spouses. Virginia is an "equitable distribution" state.
When any joint tenant dies, before or after the vesting of the estate, whether the estate is real or personal, or whether partition could have been compelled or not, his part shall descend to his heirs, pass by devise, or go to his personal representative, subject to debts or distribution, as if he had been a tenant in ...
Do you want to ensure that your loved ones inherit your property without going through the lengthy and expensive probate process? If you live in Virginia, you have a powerful tool at your disposal: the Virginia transfer on death deed (TOD deed).
