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North Carolina Warranty Deed - Husband and Wife to Three Individuals

Warranty Deed Form

Name: North Carolina Warranty Deed - Husband and Wife to Three Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (424 reviews)

Category:

North Carolina Real Estate - Deeds - Warranty

State:

North Carolina

Control #:

NC-020-78

Format:

Instant download

Description Nc Warranty Deed

This form is a Warranty Deed where the grantors are husband and wife and the grantees are three individuals. Grantors conveys and warrant the described property to the grantees. This deed complies with all state statutory laws.

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North Carolina Deed Other Form Names

North Carolina Spouses

FAQ

For one, if property is held in tenancy by the entirety, neither spouse can transfer his or her half of the property alone, either while alive or by will or trust. It must go to the surviving spouse. This is different from joint tenancy; a joint tenant is free to break the joint tenancy at any time.

Tenancy by the entirety is a form of property ownership reserved only for married couples.This arrangement creates a right of survivorship, so when one spouse dies, their interest in the property is automatically transferred to the surviving spouse.

Tenancy by the entirety in North Carolina is a hybrid of common law and statutory law. The basic elements of a tenancy by the entirety in North Carolina are: It can exist only between a husband and wife. Two people who are not husband and wife cannot own real property together as tenants by the entirety.

In tenancy by the entirety, both partners wholly own the entire property concurrently. Another trait is Right of Survivorship. This means that when one spouse dies, the law entitles the other spouse to receive the share of the one who died. In contrast are the Community Property States.

Tenancy by the entirety property ownership is automatic in a sense, but not required. N.C. Gen.

The states that recognize tenancies by the entirety for all types of property are Arkansas, Delaware, Florida, Hawaii, Maryland, Massachusetts, Mississippi, Missouri, New Jersey, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia, and Wyoming.

Joint Tenancy Two or more people, including spouses, may hold title to their jointly owned real estate as joint tenants. There is a so-called right of survivorship, which means that when one dies, the property automatically transfers to the survivor without the necessity of probating the estate.

Tenancy by the entirety, another joint-owned property option, is when the parties are husband and wife. In this case, each spouse has an equal and undivided interest in the property. If one spouse dies, the full title of the property automatically passes to the surviving spouse.

Warranty Deed Form

Description Nc Warranty Deed

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How to fill out North Carolina Warranty Deed - Husband And Wife To Three Individuals?

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North Carolina Deed Other Form Names

FAQ

What is the difference between joint tenants and tenants by the entirety?

Is tenancy by the entirety automatic?

Does North Carolina have tenants by the entirety?

What is the difference between joint tenants with rights of survivorship and tenants by the entirety?

Is tenancy by the entirety automatic in North Carolina?

Which states have tenancy by the entirety?

What does husband and wife mean on a deed?

What is the difference between joint tenancy with right of survivorship and tenants by the entirety?

Are husband and wife automatically joint tenants?

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