Georgia Survivorship Affidavit

State:
Multi-State
Control #:
US-05550
Format:
Word
Instant download

Description

The Survivorship Affidavit is a form for a person to complete to establish the identity of the survivor in a joint tenancy or other property ownership relationship.

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How to fill out Survivorship Affidavit?

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FAQ

File an affidavit of survivorship with the recorder's office to remove the deceased person's name from the title.

Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary. Joint tenancy often works well when couples (married or not) acquire real estate, vehicles, bank accounts or other valuable property together.

Georgia recognizes joint tenancy with right of survivorship as a common form of joint ownership. This form allows multiple people or entities to own a title interest to the property, and comes with various rights and responsibilities.

A property owner who creates a survivorship deed for an estate plan typically quitclaims the property to the owner and another person who the owner wants to ultimately own the property?such as the owner's spouse or child.

Alternatively, property owners may choose to hold title as Joint Tenants with Rights of Survivorship where the interest of any co-tenant will automatically transfer on death to the remaining co-tenant(s). This type of joint tenancy is commonly used as an estate planning tool in properties owned by married couples.

A quit claim deed in Georgia transfers the seller's (grantor) interest in a property over to a buyer (grantee). However, it gives none of the guarantees that might be found in another type of deeds.

The right of survivorship is a right granted to joint property owners that ensures the transfer of one owner's stake to the remaining property owner(s) in the case of his or her death.

Unless the joint tenancy with the right of survivorship is otherwise disposed of in a final order of divorce or annulment, if either party to an instrument of title creating a joint tenancy with the right of survivorship files an affidavit in the real property records maintained by the clerk of superior court of the ...

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Georgia Survivorship Affidavit