This form is a Quitclaim Deed where the grantor is an individual and the grantees are three individuals holding title as joint tenants.
A Quitclaim deed with right of survivorship is a legal document used to transfer ownership of a real estate property in Connecticut and Georgia. This unique type of deed ensures that when one owner passes away, the property automatically transfers to the surviving owner(s), without the need for probate or any other legal processes. Now, let's dive into a detailed description of what this document entails and the different types associated with Quitclaim deed with right of survivorship in Connecticut and Georgia. In Connecticut, a Quitclaim deed with right of survivorship is governed by the state's statutes, particularly Section 47-43b of the Connecticut General Statutes. This deed allows joint owners, usually married couples, to hold title to their property with survivorship rights. In the event of one owner's death, their interest in the property automatically passes to the surviving owner(s) without going through probate. It is important to note that each owner must have equal ownership percentages for this type of deed to be applicable. Keywords: Quitclaim deed, Connecticut, right of survivorship, joint owners, married couples, property, probate, Connecticut General Statutes, ownership percentages. In Georgia, a Quitclaim deed with right of survivorship is different from Connecticut's version. In this state, the right of survivorship is known as a "Joint Tenancy with Right of Survivorship" (TWOS) and is governed under Georgia Code Section 44-6-190. Similar to Connecticut, this type of deed allows joint owners to hold title to a property with the added benefit of automatic transfer of ownership upon the death of one owner, without the need for probate. There are also variations within Georgia's Quitclaim deed with right of survivorship. One such variation is the "Tenancy by the Entirety," which is specifically available to married couples. This deed type provides the same survivorship rights but offers stronger protections for married couples, as it includes certain privileges relating to marital property. Another variation is the "Life Estate Deed with Remainder Interest." This type of deed allows the property owner to designate a person, known as the remainder man, who will inherit the property after the owner's death. Keywords: Quitclaim deed, Georgia, right of survivorship, Joint Tenancy with Right of Survivorship, TWOS, Georgia Code, probate, Tenancy by the Entirety, married couples, Life Estate Deed, Remainder Interest, property owner, remainder man. In conclusion, a Quitclaim deed with right of survivorship is a valuable legal tool that provides joint owners with the assurance that their property will seamlessly transfer to the surviving owner(s) upon their passing. While Connecticut and Georgia have their own statutes governing this type of deed, the fundamental concept remains the same. It is crucial to understand the specific requirements and variations of Quitclaim deeds with right of survivorship in each state to ensure the smooth transfer of property.
