Memphis Tennessee Warranty Deed from Husband to Himself and Wife

State:
Tennessee
City:
Memphis
Control #:
TN-016-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Warranty Deed where the grantor is the husband and the grantees are the husband and his wife. Grantor conveys and warrants the described property to grantees as joint tenants with rights of survivorship less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

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FAQ

If the decedent is married and has children, their assets will be divided among the spouse and children equally, with the spouse getting no less than one-third. If the decedent has no spouse or descendants but has parents and siblings, the assets would be distributed equally among the parents and siblings.

An affidavit of heirship is the simplest way of transferring real property after a person has passed away. When a person dies in Tennessee without a will, real estate immediately vests in the heirs of the decedent.

Tennessee does not allow real estate to be transferred with transfer-on-death deeds.

Tennessee is an ?equitable distribution? state. This means that once property is classified as marital or separate, the trial court must divide marital property equitably according to the factors listed in T.C.A.

A Tennessee general warranty deed is a form that conveys real estate from a seller to a buyer and guarantees that the title is free and clear of all liens and encumbrances.

Tennessee law recognizes three (3) forms of concurrent ownership: tenancy by the entirety; joint tenancy with right of survivorship; and tenancy in common. As discussed below, although common law joint tenancy has been abolished in Tennessee, a joint tenancy may still be created as a matter of contract.

Sole Ownership in Tennessee Tennessee does not recognize community property, homestead, or dower and curtesy. This means that spouses can buy, sell, or own property without the involvement of the non-owner spouse. The only exception to this is when using a deed of trust.

A) The survivorship interest which typically would arise in a joint tenancy under common law is not recognized in Tennessee.

Tennessee law recognizes three (3) forms of concurrent ownership: tenancy by the entirety; joint tenancy with right of survivorship; and tenancy in common.

Tennessee law does not recognize transfer-on-death (TOD) deeds. In states that authorize them, TOD deeds allow real estate to automatically transfer to a named beneficiary upon the current owner's death. The advantage of TOD deeds is that they do not limit the owner's property rights during life.

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Memphis Tennessee Warranty Deed from Husband to Himself and Wife