The Palm Beach Florida Affidavit of Surviving Life Tenant is a legal document used to establish the surviving tenant's ownership rights in a life estate property upon the death of another tenant. This affidavit serves as evidence of the surviving tenant's entitlement to occupy and possess the property after the co-tenant's demise. In Palm Beach, Florida, there are two primary types of Affidavits of Surviving Life Tenant: 1. Affidavit of Surviving Life Tenant with Full Ownership: This type of affidavit is typically used when the surviving tenant is entitled to full ownership of the property upon the death of the co-tenant. It establishes the surviving tenant's rights to the property, including the right to sell, mortgage, or lease it without the need for probate proceedings. This affidavit is often employed when the original life estate was created with the right of survivorship. 2. Affidavit of Surviving Life Tenant with Remainder Interest: This affidavit is utilized when the surviving tenant has a remainder interest in the life estate property. A remainder interest means that the property will pass to someone else upon their death. This affidavit is used to clarify the surviving tenant's limited ownership rights and to establish their ability to occupy and possess the property until the remainder interest takes effect. Both types of Affidavits of Surviving Life Tenant require specific information to be included, such as the full legal names and addresses of both the deceased co-tenant and the surviving tenant, details about the property in question (such as its legal description), and the date of the co-tenant's death. These affidavits also require notarization to ensure their authenticity. The Palm Beach Florida Affidavit of Surviving Life Tenant is an essential legal document that helps protect the rights of surviving tenants in life estate properties. By using this document, the surviving tenant can establish their ownership rights and ensure a smooth transition of the property without the need for lengthy probate proceedings.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.