This form is a Survivorship Deed where the Grantor is an Individual and the Grantees are Two Individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Franklin Ohio Survivorship Deed — Individual to Two Individuals is a legal document that allows an individual to transfer ownership of real estate property to two individuals while ensuring that the surviving individual retains sole ownership in the event of one of the grantees' death. This type of deed is commonly used in Franklin County, Ohio, to establish joint tenancy with survivorship rights between two individuals. It provides an efficient way to transfer property while simplifying the probate process in case one of the co-owners passes away. There are different variations of the Franklin Ohio Survivorship Deed — Individual to Two Individuals, including: 1. Traditional Survivorship Deed: This is the most common type and allows the two individuals to hold equal ownership rights. If one co-owner dies, their share automatically transfers to the surviving co-owner without the need for probate. 2. Unequal Ownership Survivorship Deed: In this variation, the two individuals may hold unequal ownership shares in the property. For example, one may own 75% while the other owns 25%. The survivorship rights still apply, and the surviving co-owner will inherit the deceased co-owner's share based on the established ownership percentages. 3. Joint Tenancy with Right of Survivorship (TWOS): This type of survivorship deed is often used for married couples or family members. It grants both individuals equal rights to the property, and if one person passes away, their share automatically transfers to the surviving co-owner. 4. Tenancy by the Entire ties: This variation is only available to married couples and provides additional protection against creditors. It offers the same survivorship rights as TWOS but adds a shield against individual debts incurred by one spouse. When creating a Franklin Ohio Survivorship Deed — Individual to Two Individuals, it is crucial to consult with a qualified real estate attorney to ensure compliance with state laws and proper drafting of the deed. Additionally, it is essential to accurately identify the property being transferred, the names of the granter and grantees, and specify the survivorship rights to ensure a smooth transfer of ownership in the future.A Franklin Ohio Survivorship Deed — Individual to Two Individuals is a legal document that allows an individual to transfer ownership of real estate property to two individuals while ensuring that the surviving individual retains sole ownership in the event of one of the grantees' death. This type of deed is commonly used in Franklin County, Ohio, to establish joint tenancy with survivorship rights between two individuals. It provides an efficient way to transfer property while simplifying the probate process in case one of the co-owners passes away. There are different variations of the Franklin Ohio Survivorship Deed — Individual to Two Individuals, including: 1. Traditional Survivorship Deed: This is the most common type and allows the two individuals to hold equal ownership rights. If one co-owner dies, their share automatically transfers to the surviving co-owner without the need for probate. 2. Unequal Ownership Survivorship Deed: In this variation, the two individuals may hold unequal ownership shares in the property. For example, one may own 75% while the other owns 25%. The survivorship rights still apply, and the surviving co-owner will inherit the deceased co-owner's share based on the established ownership percentages. 3. Joint Tenancy with Right of Survivorship (TWOS): This type of survivorship deed is often used for married couples or family members. It grants both individuals equal rights to the property, and if one person passes away, their share automatically transfers to the surviving co-owner. 4. Tenancy by the Entire ties: This variation is only available to married couples and provides additional protection against creditors. It offers the same survivorship rights as TWOS but adds a shield against individual debts incurred by one spouse. When creating a Franklin Ohio Survivorship Deed — Individual to Two Individuals, it is crucial to consult with a qualified real estate attorney to ensure compliance with state laws and proper drafting of the deed. Additionally, it is essential to accurately identify the property being transferred, the names of the granter and grantees, and specify the survivorship rights to ensure a smooth transfer of ownership in the future.
