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(e) A transfer on death deed is valid only if the deed is executed and recorded, as provided by law, in the office of the county clerk in the county in which the real property is situated, before the death of the owner or the last surviving owner.
Section 2-1-201 - Payment of indebtedness and delivery of tangible personal property or instruments evidencing debt, Wyo. Stat.
Joint tenants with right of survivorship is a legal term for a way to own assets jointly, where two or more parties have equal rights and ownership of an account or real estate. If one owner dies, the surviving owners automatically get full ownership of the asset.
Affidavit of Survivorship for Real Estate Located in Wyoming - joint tenancy with right of survivorship, in which two or more people share ownership of the property, and agree that when one owner dies, any remaining owners will share the deceased owner's rights to the property.
Yes. A Wyoming transfer-on-death deed is valid only if it is recorded in the Office of the County Clerk in the county where the real property is located before the death of the owner. If there are multiple owners, it must be recorded before the death of the last surviving owner).
The Affidavit of Survivorship may generally be used if: There is a piece of real estate located in Wyoming that was owned by: husband and wife as tenancy by the entirety; or by two or more people as joint tenants with right of survivorship.
With joint tenancy, if one of the owners passes away, the remaining owners inherit the deceased's interest in the property. This is known as the ?rights of survivorship? clause, which ensures that the property avoids probate court and passes directly to the other owners.
A Wyoming small estate affidavit, or 'Wyoming Affidavit of Collection of Estate Assets', is a form that may be used to shorten the process for settling the estate of a deceased resident (decedent). Thirty (30) days must pass after the death before the affidavit can be used.