Indiana Survivorship Affidavit

State:
Indiana
Control #:
IN-02550
Format:
Word; 
Rich Text
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.

Definition and meaning

The Indiana Survivorship Affidavit is a legal document that provides proof of a marital relationship and the entitlement of a surviving spouse to property owned jointly with their deceased partner. This affidavit helps streamline the transfer of property by affirming that the surviving spouse continues to have ownership rights after the death of their partner.

How to complete a form

To complete the Indiana Survivorship Affidavit, follow these steps:

  1. Print the form and fill in your name and the decedent's name.
  2. Provide the date and location of the decedent's death.
  3. Enter the legal description of the property owned jointly.
  4. Sign the affidavit in the presence of a notary public.
  5. Obtain the notary's acknowledgment, which verifies your signature.

Who should use this form

This form is designed for individuals who have recently lost their partner or spouse and wish to claim ownership of jointly held property without going through the probate process. It is especially useful for surviving spouses to assert their rights to real estate acquired during the marriage.

Key components of the form

The Indiana Survivorship Affidavit includes several essential elements:

  • Affiant Information: The name of the individual making the affidavit.
  • Decedent Information: The name, date, and location of death of the deceased partner.
  • Marital Status Confirmation: Statement confirming the marital relationship at the time of property acquisition.
  • Funeral Expenses: Confirmation that all funeral costs have been settled.
  • Tax Information: Declaration regarding the assets of the decedent concerning federal estate tax.

Common mistakes to avoid when using this form

When filling out the Indiana Survivorship Affidavit, avoid these common errors:

  • Failing to notarize the form before submission.
  • Omitting details such as the legal description of the property.
  • Inaccurate information regarding funeral expenses or asset declarations.

What to expect during notarization or witnessing

When you go to notarize the Indiana Survivorship Affidavit, you should:

  • Present a valid form of identification to the notary public.
  • Sign the affidavit in front of the notary, who will then acknowledge your signature.
  • Receive the signed and sealed affidavit, which serves as a legally valid document for property transfer.
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FAQ

The right of survivorship is an attribute of several types of joint ownership of property, most notably joint tenancy and tenancy in common. When jointly owned property includes a right of survivorship, the surviving owner automatically absorbs a dying owner's share of the property.

Documents must be notarized. Documents executed or acknowledged in Indiana must include a statement that includes: The names of all those signing or serving as a witness on the document must be identical throughout the document and must be printed or typewritten under each signature.

A Survivorship Deed transfers residential or commercial property from one property owner (the grantor) to another (the grantee) while allowing them to avoid going through probate when they (the grantor) passes away. The parties transferring property in a Survivorship Deed must have full ownership of the property.

Locate the prior deed to the property. Create the new deed. Sign the new deed. Record the original deed.

The way that the right of survivorship works is that if a property is purchased and owned by two or more individuals and the right of survivorship has been included in the title to the property, then if one of the owners dies, the surviving owner or owners will absorb the share for the deceased's share of the property

1 : the legal right of the survivor of persons having joint interests in property to take the interest of the person who has died. 2 : the state of being a survivor : survival.

Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

Can I contest a house deed with right of survivorship? Yes. However as stated above, it is very difficult to challenge the right of survivorship.

Survivorship rights take precedence over any contrary terms in a person's will because property subject to rights of survivorship is not legally part of their estate at death and so cannot be distributed through a will.

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Indiana Survivorship Affidavit