Wyoming Warranty Deed Converting Separate or Joint Property to Joint Tenancy
What this document covers
This form is a Warranty Deed that is used to convert either separate property or jointly owned property into a joint tenancy holding. This allows two or more parties to hold title to the property together, with rights of survivorship. This means that if one owner passes away, their share of the property automatically transfers to the surviving owner(s), rather than going through probate. Unlike other forms of property ownership, joint tenancy provides additional benefits in terms of inheritance and property rights.
What’s included in this form
- Identifies the Grantor (the person transferring the property).
- Names the Grantees (the persons receiving the property as joint tenants).
- Describes the property being conveyed, including its location and improvements.
- Includes a warranty clause assuring the Grantees of good title.
- Specifies the rights of survivorship for the Grantees.
When this form is needed
This form is useful in situations where individuals want to convert their property ownership to joint tenancy. For example, it is commonly used by couples wishing to ensure that, if one partner dies, the other automatically inherits the property. It can also be applied by siblings or relatives who want to share property ownership while ensuring that ownership rights are clear and survivorship is safeguarded.
Who this form is for
This form is suitable for:
- Couples who own property together and wish to establish joint tenancy.
- Family members who want to convert their property ownership arrangement to joint tenancy.
- Individuals seeking to ensure clear property rights and inheritance terms with joint tenants.
How to prepare this document
- Identify the Grantor(s) by filling in their names and confirming their ownership of the property.
- Identify the Grantee(s) who will hold joint tenancy by entering their names.
- Clearly describe the property being transferred, including its specific location and any improvements.
- Review and confirm that the warranty clause protects the Grantees' interests in the property.
- Sign the document as required, ensuring all parties involved have the opportunity to review it.
Notarization guidance
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
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.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to accurately describe the property, which can lead to legal disputes.
- Not obtaining signatures from all Grantors and Grantees involved in the transaction.
- Overlooking the need for notarization where applicable.
Summary of main points
- This form facilitates the conversion of property ownership to joint tenancy.
- Joint tenancy provides benefits such as automatic inheritance rights.
- Accurate completion and notarization are essential for legal validity.
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FAQ
Under the Grantor section of the deed, write the name of the person transferring title. Under Grantee, write the name of the person receiving title. Describe the parcel of land. Use the street address and include the North Carolina County where the land is located.
What Is the Difference Between a Warranty Deed & a Survivorship Deed?A warranty deed is the most comprehensive and provides the most guarantees. Survivorship isn't so much a deed as a title. It's a way to co-own property where, upon the death of one owner, ownership automatically passes to the survivor.
Each party has a full ownership interest in the property. The property will pass instantly to the survivor upon the death of the other without probate. Conveyance by one party without the other breaks the joint tenancy. Seller warrants that he/she has good title and will warrant and defend title.
To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.
Serve a written notice of the change (a 'notice of severance') on the other owners - a conveyancer can help you do this. Download and fill in form SEV to register a restriction without the other owners' agreement. Prepare any supporting documents you need to include.
The General Rule. In the great majority of states, if you and the other owners call yourselves "joint tenants with the right of survivorship," or put the abbreviation "JT WROS" after your names on the title document, you create a joint tenancy. A car salesman or bank staffer may assure you that other words are enough.
The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.
The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
To hold a real estate property in joint tenancy, you and the co-owners have to write the abbreviation for joint tenants with the right of survivorship, or JTWROS, on the official real estate deed or title. This creates a legally binding joint tenancy.