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Joint Tenancy =Right of survivorship

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liaosteve Joined: 12 Aug 2010 Posts: 1 1.28 Dollars($)	Posted: Thu Aug 12, 2010 10:58 am    Post subject: Joint Tenancy =Right of survivorship Like 0 Dislike 0 Dear Sir, My wife and I owned a condo in California, the deed title reads "Joint Tenancy" is this equals to the same as right of survivorship. If not, can the deed change from Joint tenancy to Right of Survivorship and with which form. Many thanks, Steve Liao
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Aug 12, 2010 8:38 pm    Post subject: Like 0 Dislike 0 Hi liaosteve, If the ownership of the property is mentioned as "joint tenancy with rights of survivorship", then both of you will have survivorship rights on that property. If the ownership is not mentioned in that way, then both of will have to sign a new property deed and change the ownership. In that case, you need to contact a real estate attorney and he would draft a property deed with the required ownership clause in it. _________________ Procrastination is the enemy of your financial success

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