This form is a Warranty Deed where the grantors convert community property a joint tenancy holding.
A Carrollton Texas Warranty Deed for Community Property to Joint Tenancy is a legal document used to transfer the ownership rights of a property in Carrollton, Texas, from community property to joint tenancy. This type of deed is commonly used when a spouse wants to convert the property held as community property into joint tenancy with their partner. In Carrollton, Texas, there are two different types of Warranty Deeds for Community Property to Joint Tenancy: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyer. It guarantees that the property is free from any undisclosed encumbrances or title defects. The granter (the spouse converting from community property) warrants to defend the property against any claims that may arise in the future. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granter has not created any undisclosed encumbrances or title defects during their ownership of the property. It does not protect against any claims or defects that may have originated before the granter acquired the property. When converting the ownership rights from community property to joint tenancy using a warranty deed, both spouses must sign the document. It is crucial to ensure that the deed is properly completed, including a legal description of the property, the names of both spouses involved, and a clear statement of the intent to convert the property from community property to joint tenancy. By completing a Carrollton Texas Warranty Deed for Community Property to Joint Tenancy, spouses can enjoy the benefits of joint tenancy ownership, such as the right of survivorship. In joint tenancy, if one spouse passes away, their share automatically transfers to the surviving spouse without going through probate. This type of deed can provide peace of mind and simplify the transfer of ownership in the future. If you are considering converting your property from community property to joint tenancy in Carrollton, Texas, it is advisable to consult with a qualified real estate attorney who can provide guidance and ensure the deed is prepared correctly according to state laws.
