The TWO words that MUST appear on your house deed!

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  • Опубликовано: 7 янв 2021
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Комментарии • 299

  • @ronaldohagenow1467
    @ronaldohagenow1467 Месяц назад +238

    I just watched this, I’m in Vermont and bought property from a friend of over 30 years in 2019, I’m now 70 years old, I was 65 when i bought this property, 1) Mistake one, I didn’t involve my attorney, my friend and I transacted the purchase w/o one, 2) I paid him in cash, $31,000, this was to be my summer retreat then I’d travel in my RV in the winter season. So you see I made 2 big mistakes, I trusted a friend and I trusted a friend. We’ve been in the courts for years trying to resolve this, he just refuses to sign over the deed, plus my attorneys just retired and moved to Europe. So I spent $31 K to my friend and another $30=K in legal to date, we’re not to old to learn a valuable lesson, never trust a friend w a contract, and have an attorney involved, great video. Hopefully I resolve this so my children don’t have to. Great video

    • @Number6_
      @Number6_ Месяц назад +1

      No you trusted someone who you imagined was a friend and you trusted an American.
      Americans don't have friends they have business associates. It is only your desire to have friends that lead you to your mistake.

    • @user-tn1hk6zm2f
      @user-tn1hk6zm2f Месяц назад +24

      My father always said you can trust people if you want, but don't!!!!!

    • @1notgilty
      @1notgilty Месяц назад +24

      As the old saying goes: "He who represents himself has a fool for a client."

    • @bonesrhodes3762
      @bonesrhodes3762 Месяц назад +24

      -- did you just hand him $31K with no bill of sale being done ?

    • @suebl4037
      @suebl4037 Месяц назад +17

      For a short time, I went to auctions that required a letter of credit of a certain amount to get in. So a letter of credit should be enough to get the contracts signed; then a check written on that account would give a paper trail, and it is always good to have 2 witnesses (not family or close friends). I hope this will be settled soon, and you get the property in your name.

  • @holly1391
    @holly1391 Месяц назад +110

    My life partner and I bought a house 14 years ago and I insisted we put joint tenants with rights of survivorship. He unexpectedly died in 2020. All I had to do was fill out a form at the county and the Deed was put solely in my name, easy peasy! Otherwise it would have been a nightmare!

    • @bluesky6985
      @bluesky6985 21 день назад +2

      Tenant is a renter

    • @holly1391
      @holly1391 21 день назад +5

      @@bluesky6985 Hi there, not in this case, here is the definition:
      “Under a joint tenancy, title to the property interest of a deceased owner automatically transfers to the surviving co-owner, without the necessity of filing a probate action in the probate courts.”

    • @bluesky6985
      @bluesky6985 21 день назад +1

      @@holly1391 Warranty deed is not title to the property. Property can only be owned by allodial title. Tenant is a renter

    • @stonefox9124
      @stonefox9124 18 дней назад

      🤨 u insisted huh? Passed away early only 14yrs later huh? Easy peasy huh? I'd be investigating ur a**

    • @missylearned9821
      @missylearned9821 9 дней назад

      ⁠@@bluesky6985How does one get an allodial title at this point in the republic?

  • @simonpaine2347
    @simonpaine2347 18 дней назад +11

    Excellent job. "If I die my wife just gets the house probate free, we don't have to go to court for that" because clearly WE won't both be here!

  • @plantfeeder6677
    @plantfeeder6677 Месяц назад +62

    My mother was an Escrow Officer her entire working life even owning her own escrow company for over 20 years. She never let any couple not include "In Joint Tenancy" in any deed she drew up unless there was a specific reason they had for not wanting it. But she would always tell them they were not protected in right of survivorship if they didn't word it that way.
    Yes they really are the two most important words on a deed.

    • @Number6_
      @Number6_ Месяц назад +1

      As you can see from the likes, Americans like other peoples bad news. It makes them feel better about their uncountable many failures. While others good news only reminds them of those. 😎

    • @plantfeeder6677
      @plantfeeder6677 Месяц назад +6

      ​@@Number6_😐.....
      You need to take a break from the ganja dude.

    • @Number6_
      @Number6_ Месяц назад +1

      @@plantfeeder6677 your momma! You need to be less of an ass and stop making up stories. 😘

    • @kathleenredick275
      @kathleenredick275 Месяц назад +3

      ​@@Number6_
      Wow. Where did you get THAT idea?

    • @oldtimefarmboy617
      @oldtimefarmboy617 26 дней назад +2

      @@Number6_
      Project much?

  • @lindifuller9113
    @lindifuller9113 Месяц назад +75

    When my husband and I bought our house, at the closing the attorney never nentioned anything about joint tenants with right of survivorship. I found out it wasn't filed like that when I went to probate after he passed away. Because of that, I must wait a year before it is solely mine to sell or whatever. Even though he left everything to me in his will. It would have been nice if we had been made aware of this in the beginning.

    • @cashflowglo7262
      @cashflowglo7262 Месяц назад +6

      WOW. Thank You for sharing your experience.

    • @1notgilty
      @1notgilty Месяц назад +13

      It's a good thing that your husband had a will and left everything to you. Otherwise, if you went to probate court his worldly possessions would have been divided up "per stirpes" among you and his other family members and descendants.

    • @rosepetals8181
      @rosepetals8181 24 дня назад

      Correct! ...THEY NEVER WANNA OFFER INFORMATION,OF WHATS RIGHT ,EVER...YOU MUST ASK AND FIND ANSWERS YOURSELF AND THAT IS WRONG WITH ALL THESE CONTRACTS AND LAW FIRMS... WE'RE ALL NOT IN PROFFESSIONS OF THE SAME,BUT IF THESE "SNEAKY ,SCANDALOUS FIRMS , AREN'T LOOKING OUT FOR THE PEOPLE... THERE'S NO REASON FOR THEM TO EXIST...THEY BECOME A PROBLEMATIC MESS,BY THEY'RE OWN FAULTS💯‼️NO HONEST WORKMANSHIP ,THAT MAKES THEM ,DECEITFUL,THEN YOUR WASTING YOUR PRECIOUS TIME ,HUNTING DOWN TRUTHS AGAIN...THAT MAKES THIS CORRUPT BUISNESSES💯‼️🔨✝️🙏 AMEN

    • @charlesoswald602
      @charlesoswald602 17 дней назад +1

      that attorney saved you big bucks because it comes to you at the value it is now and if it was in joint tennent you would have to pay taxes on capital gain because it comes to you at what you and your husband paid for it when you bought it

    • @missylearned9821
      @missylearned9821 9 дней назад

      ⁠@@charlesoswald602Hmmmm…even though it was in her name all along?

  • @procouswest20
    @procouswest20 Месяц назад +112

    joint tenants with rights of survivorship

    • @thecurator2626
      @thecurator2626 25 дней назад +1

      JTWROS

    • @BobSmith-kd6lq
      @BobSmith-kd6lq 25 дней назад +1

      Just had that done with my father's house.

    • @debel1206
      @debel1206 23 дня назад +1

      Yes indeed: Party 1 and Party 2, "As Joint Tenants With Full Rights of Survivorship"

    • @annsaunders5768
      @annsaunders5768 19 дней назад

      My atty told me community property is what you want written out! That is what deal my husband and I made. No taxes, no probate. Our Lawyer drew it up. 😊

    • @elizabethtaylor4440
      @elizabethtaylor4440 19 дней назад

      Yes that's what I have

  • @Number6_
    @Number6_ Месяц назад +87

    We went to a lawyer an expensive one. She had us as tenants in common and any one else with a claim. I had her remove that last bit. This shows that just because you pay big money for a professional they dont always work in your best interest or know what they are doing. Called billable hours.

    • @plantfeeder6677
      @plantfeeder6677 Месяц назад +6

      Next time seek an Escrow Officer.

    • @wakeup6759
      @wakeup6759 26 дней назад +4

      I've had the same experience. Based on my experience as a legal secretary, I needed to have my lawyer correct some of the things in my divorce decree and other papers. If lawyers had the correct advice, they'd be out of a job. And this goes across the board.

    • @laurie9993
      @laurie9993 23 дня назад +6

      Lawyers work in their own best interest ($$), your interests come second

    • @mikejohn0088
      @mikejohn0088 17 дней назад +2

      Oh, I guarantee she knew what she was doing.
      She was planning ahead to the day one of you die and she gets to help the survivor "fix it again."

    • @Number6_
      @Number6_ 17 дней назад

      @@mikejohn0088 Indeed. Called billable hours.

  • @pubmeatman
    @pubmeatman Месяц назад +38

    In Florida we can draft an Enhanced Life Estate Deed aka a Lady Bird Deed. This passes your house upon death to the listed beneficiary without probate.

    • @shadrach6299
      @shadrach6299 28 дней назад +2

      You can avoid probate if you put your property in a revocable trust

    • @rosepetals8181
      @rosepetals8181 24 дня назад

      Am I THE ONLY ONE THAT THINKS PROBATE IS CORRUPT...LOOK AT THE WORDS...PROBATE! IT'S NOT UP FOR DEBATES ‼️💡🙄,LOSING ALL YOUR LOVED ONES BELONGINGS OR YOUR PARENTS THINGS THAT THEY WORKED THEIR WHOLE LIVES TO TAKE CARE OF YOU or THEY'RE CHILDREN,JUST FOR ,#1 ...TOO GET CAUGHT UP IN COURTS AND PROBATE LAWYERS TO PLAY GAMES👁️,THAT PLAY GAMES, AMONGST THE B.S., I'VE HEARD OUT OF THEY'RE MOUTHS👁️,YOU KNOW WHO YOU ARE✌️✝️ AND IT'S JUST TURNED INTO A BIG GAME OF CORRUPTION IN THE COURTS, UNNECESSARILY,MIND YOU...OVER MONEY AND ITEMS THAT BELONG TO THE FAMILY IN THE FIRST PLACE🔨✌️👁️GODS HAMMER ... THATS THE BOTTOM LINE...SO YOU CAN MAKE UP ALL THE B.S.LAWS YOU WANT ...YOUR GONNA FACE GODS LAW EVENTUALLY 🙏✝️MERCY ON YOUR SOULS💯‼️🇺🇸 AMEN 🙏⚖️

    • @redhatbear1135
      @redhatbear1135 22 дня назад +1

      @@shadrach6299Not in all states.

    • @pinschrunner
      @pinschrunner 19 дней назад +2

      ​@@shadrach6299a Lady Bird deed is more desirable in Florida because the property can have all the benefits of limiting taxes if you qualify as a resident and homestead the property. The tax increases by value cannot exceed 3% per year. Millage can rise by more but not assessed value. Revocable trusts have no such protection

    • @BENJAMIN-zi4gv
      @BENJAMIN-zi4gv 16 дней назад

      I think thats what I have. I'm in SouthWest Florida. My Mom got the loan. I paid it off. We are listed as Co Owners. I better get my deeds out and check up on it. If not. Do I just need to go to the county courthouse to ad it?

  • @Leeahtee
    @Leeahtee 22 дня назад +18

    You explained the terms "Joint-Tenancy" vs "Tenants in Common" so CLEARLY. I've read a few definitions of these terms and this is the first time it made sense to me. I wish you would write a real estate book. The 2 I've read are hideous in their explanations. Every page left me thinking, "What did that mean?"

    • @BENJAMIN-zi4gv
      @BENJAMIN-zi4gv 16 дней назад

      Now I'm Confused. He said ... Joint Tenants. with Full Rights of Survivorship. You are saying... Joint-Tenancy? I'm going to watch it again.

    • @missylearned9821
      @missylearned9821 9 дней назад

      @@BENJAMIN-zi4gv. I’m just going to remember JTWROS - Joint Tenants With Rights Of Survivorship

  • @sharonkaysnowton
    @sharonkaysnowton Месяц назад +37

    Joint tenants- Good to know.

    • @truthseekerKJV
      @truthseekerKJV 21 день назад

      I'd ask a real lawyer. Don't trust these pit vipers on social media.

    • @missylearned9821
      @missylearned9821 9 дней назад

      I would think the more important aspect is the following “with rights of survivorship”.

  • @mac-ju5ot
    @mac-ju5ot 25 дней назад +12

    Thank u it's great advice. My mother never had a will drawn out so I got kicked out prior.its almost like my sister planned it this way. I didn't want to stand in their way either but it did shake me up.going back for even Christmas is tough..it's unfair that I've always been treated kind of like a servant.

  • @OrlaQuirk
    @OrlaQuirk 19 дней назад +9

    Thanks for this info. Just a hint from someone who knows.
    If your parents are divorced, or if one is dead, the second spouse (or side piece) can easily end up with everything that your parent thought would come to you.
    Right to survivorship on bank accounts and property means if Your Parent dies before the side piece, the side piece gets everything.
    If your dad thinks the stepmother will give you your dad's stuff, he's probably a fool.
    (I got a radio, a tee shirt from MY college, and a novelty gift I had given my dad.)
    Make sure your stuff is going where you want it to go !

    • @user-fw8rm1yv3i
      @user-fw8rm1yv3i 17 дней назад +1

      This happened to a friend’s daughter-the friend’s ex did not have his will worded properly and when he died his girlfriend of a few years and her two daughters ended up with all of his money while his daughter got nothing. The other three ended up with new cars while this poor girl struggled through college driving a broken down clunker. The girlfriend never gave his daughter a cent.

  • @andreavandekleut6379
    @andreavandekleut6379 Месяц назад +37

    thank you that was good information and we didn,t have to sit through a long winded ad from some other advertiser to finally get a small crumb of useless information we already knew , from ( other YT "law " channels).I liked and subbed,

  • @dw58
    @dw58 18 дней назад +3

    Gratitudes !

  • @markkulyas2418
    @markkulyas2418 Месяц назад +72

    Now tell us how we get rid of property taxes

    • @randyd9805
      @randyd9805 Месяц назад

      Simple, own nothing and you will be happy. That's what the head of the World Economic Forum says anyway and he's great friends with Bill Gates and a LOT of world leaders. I wish this was a joke.

    • @mafirearmsafety
      @mafirearmsafety Месяц назад

      Government theft!

    • @thatguyinelnorte
      @thatguyinelnorte 27 дней назад

      Move to China. There you can't even own property, just lease from government.

    • @Jeffreymart
      @Jeffreymart 27 дней назад +3

      Donate to a church and retain all rights until you expire in an agreement.

    • @aw8079
      @aw8079 26 дней назад

      Move to Afghanistan. or Mars. or Hell🖕.

  • @Normal1855
    @Normal1855 Месяц назад +13

    What if the parent says the house goes to the child, and puts their name on the deed?

  • @mytwowoodpeckers9497
    @mytwowoodpeckers9497 Месяц назад +27

    It should be made clear that the vesting language on a Deed depends on the state. In Virginia, married couples hold title as "tenants by the entirety" with the full common law right of survivorship. Not "joint tenants.". Improper vesting on a Deed an have drastic unanticipated consequences.

    • @jvh8806
      @jvh8806 Месяц назад +1

      I just checked my deed in NJ we we just had a law firm do this past January and it does not say those 2 words.

    • @Quakeboy02
      @Quakeboy02 Месяц назад

      @@jvh8806 Call that law firm and have a talk with them.

  • @randyd9805
    @randyd9805 Месяц назад +7

    Good to know. I bet a lot of people found this out the hard way.

  • @jimmycain8669
    @jimmycain8669 14 дней назад

    Warrant and Defend

  • @billydoyle9984
    @billydoyle9984 Месяц назад +15

    GOOD Advise Thank you Very Much

  • @annjean8709
    @annjean8709 Месяц назад +23

    Great video!
    Thank you for sharing this valuable information. 🙏🏾

  • @deliciaford4343
    @deliciaford4343 19 дней назад +2

    Thanks I never knew this great information!

  • @darrennew8211
    @darrennew8211 Месяц назад +9

    Short and sweet explanation. Love it. JTWROS is usually how I see it.

  • @Sabbathissaturday
    @Sabbathissaturday Месяц назад +7

    This depends on which state you live in!

  • @nonnalovepriceless
    @nonnalovepriceless 19 дней назад +1

    But I don’t have a house not even a flat not even a room that belongs to me 😂😂😂😂 but I do understand what your saying Thankyou so much that’s so good to know 😊

  • @atllzable
    @atllzable 19 дней назад +1

    Thank you for this..Thank you...

  • @dtyallen9864
    @dtyallen9864 Месяц назад +6

    Thanks for sharing.

  • @josieanonymous961
    @josieanonymous961 Месяц назад +3

    Thank you, good information to know!

  • @nadia05681
    @nadia05681 2 месяца назад +9

    Good information, thank you!

  • @josephtucciarone6878
    @josephtucciarone6878 Месяц назад +2

    Thank you.

  • @susanworden6459
    @susanworden6459 26 дней назад +1

    Thanks very much.

  • @markkiser9329
    @markkiser9329 Месяц назад +7

    words of art

  • @user-fe3jw5ti4n
    @user-fe3jw5ti4n 25 дней назад +1

    Amen to you brother

  • @cherylmorand8098
    @cherylmorand8098 Месяц назад +6

    Research COMMON LAW people.

  • @bonchidude
    @bonchidude 19 дней назад +1

    thank you

  • @daviddoss1104
    @daviddoss1104 Месяц назад +2

    In Florida all you have to do in the the deed is mentione husband and wife or married couple and it’s presumed that it’s meant to be in an estate by the entireties or joint tennis with right survivorship.

  • @ZoomZoom-ng6sn
    @ZoomZoom-ng6sn Месяц назад +3

    Very useful. Mine says Husband and Wife as Joint Tenants.

    • @BENJAMIN-zi4gv
      @BENJAMIN-zi4gv 16 дней назад

      What happens in the even of a divorce? There might be different Husband and Wife. I think your names need to be on the deed. Not status. He said Their names as Joint Tenants, with Full Rights of Survivorship

  • @noldaker
    @noldaker 13 дней назад

    Tenancy by the entirety in Florida is a form of joint ownership that protects property from creditors of either spouse. With tenants by entireties, both spouses own an undivided interest in 100% of the property. If either spouse dies, the surviving spouse inherits full ownership of tenants by entireties assets.

  • @daveofyorkshire301
    @daveofyorkshire301 Месяц назад +10

    Create a Family Trust (or the American equivalent) anybody with anything does it to prevent direct association, unnecessary transfers or taxation fees or property seizures, leans or asset taxes. You become trustees of the trust and there is no ownership transfer.
    Effectively it's like an asset holding company and you're on the board of directors along with others usually family members to prevent you being a sole owner/operator.
    How do you think the rich keep what they've got, reduce taxes and legal liability on assets they perhaps cant afford upon a death?

    • @sheridansplace1607
      @sheridansplace1607 Месяц назад +1

      Can you trust who does the paperwork? My Mother had one drawn up come to find out it was done wrong and she was never protected. Found this out years later by another attorney for something totally different.

    • @Jeffreymart
      @Jeffreymart 27 дней назад

      Be certain it gets filed with the town or a bad executor can ruin lives.

  • @catamazing5631
    @catamazing5631 Месяц назад

    Great advice.

  • @Suverenas
    @Suverenas Месяц назад +2

    Tenants in common or joint tenants - still tenants, meaning you don’t own the house. The state owns it. Annual tax is your rent payment. Put it in the Trust to avoid probate. When you die Trust lives.

  • @johnkean6852
    @johnkean6852 Месяц назад +3

    Why can't it be written plain English: "The Survivor will own the property?"

  • @christopherkidwell9817
    @christopherkidwell9817 Месяц назад +4

    Nope: Numerous estate lawyers have said "That is not how it works in the real world, joint ownership is joint ownership and right of survivorship is automatically there!"
    You do not need probate for that in the real world.
    This sounds like a "You need to fix the law!" issue and not a "You made a mistake!" issue.

  • @SAM-dm5qg
    @SAM-dm5qg Месяц назад +4

    Thank You For Sharing 🇺🇸 👀 🤔

  • @1coppertop
    @1coppertop Месяц назад +13

    The home i bought had a 1/8th ownership to the daughter of the wife that pre deacesed her husband. It never went to probate after she died and it was found during refinancing. My title insurance bought her share and deeded it to me at no charge.

    • @bonesrhodes3762
      @bonesrhodes3762 Месяц назад +4

      I'm thinking that the term "refinancing" is the important word here - your title insurance company was the one you used when you made the original purchase ? Correct ? If so, they were simply fixing their own mistake not doing you any favors - they would have had no choice in the matter. Scenarios like that are why you buy title insurance.

    • @ChrisMcCutcheon-wj2pp
      @ChrisMcCutcheon-wj2pp Месяц назад

      Titling companies are at fault in most cases, but you must sue them last, realtor first, then broker, then titling comp, after losing your ass, NWO ain't it great

    • @mominthe209
      @mominthe209 Месяц назад

      That’s why you buy title insurance. Someone wasn’t looking closely at the prior deed.

    • @ChrisMcCutcheon-wj2pp
      @ChrisMcCutcheon-wj2pp Месяц назад

      @@mominthe209 the title comp admitted it, title ins was bought, as with anything else in the US, the payer is the ultimate loser

  • @AFrayedKnotMate
    @AFrayedKnotMate Месяц назад +4

    If you are a tenant you are RENTING you do not own it.

  • @kaebella2259
    @kaebella2259 Месяц назад +1

    I have a deed as Joint Tenants with right of survivorship (JTROS), with an ex-fiancé (of 15 years). We broke up, he married, and later died. We never changed the paperwork, but on his deathbed he did quitclaim deed his portion (mistakenly(?) between me and his wife - which now equates to me 75%, and her 25%). We are in the thick of a legal battle now. Unfortunately, she has ruined the house and still lives there today.

  • @darrellsephus5378
    @darrellsephus5378 22 дня назад

    My partner and I owed six lots in Elizabethtown NM. We completed and submitted the new deed as joint tenants. He died two years ago so I drove, from CA, to NM with his death certificate. I was then informed that we were listed as equal owners and that I would need to go through probate. I said no a mistake has been made on the part of the assessor as our paperwork has us listed as joint tenants. Well, our cabin was broke into and our safe with the paperwork was stolen. I spoke with the Probate judge who stated that we would have to go through probate. He suggested I contact the district judge to see if he would let me be the inheritor due to our long relationship. I have not pursued this yet. Obviously, along with his death, this has caused considerable stress for me.

  • @timk4502
    @timk4502 Месяц назад +3

    So all this is about 'Property/Real Estate Deeds of Ownership' yet the Supposed Owners of the Property are listed as Tenants or Joint Tenants rather than 'Owners' Hmmmmm....
    Makes you wonder if they're really Owners of the Property or just 'Renters/Tenants'!? 🤔

  • @adamcaldwell63
    @adamcaldwell63 Месяц назад +8

    Wish I could get the land patent on my property here in Oklahoma

    • @Chris_at_Home
      @Chris_at_Home Месяц назад +2

      The properties I own I bought from our state in auctions. I got a patent for the land. I also am the first private owner of those properties.

  • @bigbrother9531
    @bigbrother9531 Месяц назад +1

    Learned this many years ago in real estate law. Went to the bank and gad to explain what JTWROS meant.

  • @GoodmanMIke59
    @GoodmanMIke59 17 дней назад

    I was licensed to sell real estate in both North Carolina and Virginia. Whatever ever happened to a married couple being TENANTS IN THE ENTIRETY

  • @user-qe9de6lj6w
    @user-qe9de6lj6w Месяц назад +16

    Simply add "and not as tenants in common" after joint tenants.

    • @Jeffreymart
      @Jeffreymart 27 дней назад

      why?

    • @dubsounds
      @dubsounds 27 дней назад

      @@Jeffreymart Smoking a common joint

  • @ToniM10
    @ToniM10 Месяц назад +3

    If 2 Siblings own the SAME Property..I think it would be "Tennants in Common"... Correct.???... I DON'T WANT MY HALF TO GO TO HIM... I have my OWN Beneficiary... ✌️❤️😎👍

  • @daliddleOne
    @daliddleOne 20 дней назад

    Well now, I haven’t yet looked at our deed as it’s late now. I’ll do it tomorrow.
    How do I get it changed if it’s not how you said it should read?
    Thank you for sharing your most important knowledge!

  • @joemunch58
    @joemunch58 17 дней назад

    Many deeds aren't signed by the grantees. In Texas, to create a survivorship, both / all grantees must sign.

  • @idwtgymn
    @idwtgymn Месяц назад +7

    Joint tenants

  • @1aliveandwell
    @1aliveandwell Месяц назад

    Will go back and check what the attorney did when changing our place from Mom's which was in a trust to us 3 children(grown). So not sure if I should put my 1/3 into a trust so if I pass will go to my 2 children..

  • @wiseforce7045
    @wiseforce7045 Месяц назад +5

    I heard something about medicare & Cal ( state I live in currently ) could try to take the house as payment ? Anyone heard of this and if so how to avoid it?

    • @Quakeboy02
      @Quakeboy02 Месяц назад

      I don't think medicare would or could do that, but medicaid is a whole 'nother evil.

    • @BENJAMIN-zi4gv
      @BENJAMIN-zi4gv 16 дней назад

      I see lots of questions but no answers. I've asked a couple too. Your is a important question. I hope someone answers you. Because i need to know that too. I am my 88 year old moms caregiver. We are co-owners. She got the loan. I paid for everything. It's now paid off. I don't want the government taking My Money. I'm hoping if you get a answer. Since I commented too. I will get notified. Good luck

    • @missylearned9821
      @missylearned9821 9 дней назад

      @@BENJAMIN-zi4gvif it’s paid off, as a minimum you should have your mom add your name to the title. Especially while she is in good cognitive health. Pronto,

  • @laurenskipp4348
    @laurenskipp4348 22 дня назад

    I’ve gone through probate 2 times & still fighting with Wells Fargo over my dad’s house. The deed was done 2019 & they were ordered to turn the note over but they never did! It’s been a nightmare! Here the house should have been paid off by their insurance company w/ credit life at the very beginning! I’m so pissed! 😡

  • @rickw3243
    @rickw3243 17 дней назад

    What about “Tenants by the Entirety “ for married couples?

  • @darthhodges
    @darthhodges 22 дня назад +1

    I also assume that by being joint tenants (with survivorship) you avoid estate taxes on the house. Whereas if it was considered as part of a taxable estate my wife (for example) would suddenly be on the hook for taxes based on the the value of my half of the house. is that correct?

  • @bradleyw3771
    @bradleyw3771 Месяц назад +11

    How do you OWN something If you Are a Tenant. which is a Renter???

    • @lauriebak
      @lauriebak Месяц назад +3

      Renter is the most common usage today, but it’s not the only usage. It can also refer to someone with the right to live in a specific property due to possession of title of that property. So, it can also refer to people who own a property, as it does on a deed.

    • @SteveGirard-gb6lr
      @SteveGirard-gb6lr Месяц назад +12

      You dont own it stop paying your property tax and the real owner will come knocking

    • @user-xc7iq4cm8t
      @user-xc7iq4cm8t Месяц назад +2

      Or be a victim of deed/title fraud, predatory lending, you will own nothing

    • @dubsounds
      @dubsounds 27 дней назад

      @@user-xc7iq4cm8t But you do own your shot gun. Don't you?

  • @bernardzamostny3382
    @bernardzamostny3382 Месяц назад +24

    First of all just where does the state derive it's authority to insert it's self between a buyer and seller of a private contract of sale for property during the inland piracy fraud known as "Settlement" takes over the property putting it into a trust situation with the state being the owner of the "Real Estate" naming the purchaser as tenet and charging you annual rent known as "Property tax?" And, when has anyone during the inland piracy fraud known as "Settlement" ever given full disclosure? You don't and fraud vitiates all contracts. If
    Stone Arch Law Office want to do service to the public they would be exposing the collusion between the state and banks on this fraud and theft.

    • @darrennew8211
      @darrennew8211 Месяц назад +6

      A little punctuation and use of normal words would actually help. But for one, I'll point you to the Louisiana Purchase as an example to answer the question I think you're trying to ask. Instead of asking a question, why not just assert something like "since it was claimed by settlers, they government shouldn't be allowed to tax it." Then people could explain how you're wrong without having to first decode your babbling.

    • @crazysquirrel9425
      @crazysquirrel9425 Месяц назад

      Stop paying your property tax and soon you will discover who REALLY owns your property - hint: it ain't YOU!
      Convert your property into a foreign nation and save a lot of headaches.
      James C Lovett's channel can tell you how to do it the LEGAL way.

    • @jimmycain8669
      @jimmycain8669 Месяц назад +1

      What you talking bout Willis?

    • @bernardzamostny3382
      @bernardzamostny3382 Месяц назад +1

      @@darrennew8211My statement has punctuation and written with normal words. Maybe you should invest in a dictionary and a thesaurus, then maybe you could comprehend what you perceive as babble.

    • @darrennew8211
      @darrennew8211 Месяц назад

      @@bernardzamostny3382 Yeah. A 70-word long paragraph with no punctuation is of course the best way of communicating clearly. Especially when you use bizarre phrases that you somehow think everyone is going to understand. I'm guessing "inland piracy fraud known as settlement" is supposed to mean something, but it's actually in your head.
      That said, I already answered the question your first sentence asks. No, you don't own the land in the way you seem to think you do. Everyone who pays property tax already knows that. So what's your point?
      Ownership is the ability to control legally what other people do with a piece of property or goods. The fact that you own the land doesn't mean nobody else does. The fact that you own the land doesn't mean you can do anything you want with it.

  • @bensmith4563
    @bensmith4563 Месяц назад +3

    Law is absurdly complicated

  • @streaming5332
    @streaming5332 19 дней назад

    In Australia the wording is tennants in common.

  • @gngd5351
    @gngd5351 19 дней назад +1

    Why husband 50 and wife 50? Can you explain why?

  • @antonioburgosarau5594
    @antonioburgosarau5594 Месяц назад +2

    I will NOT be a Tenant on My Land, I will find the Original Land Patent, & Accept & Acknowledge it, I will not pay taxes on My Land, if you are paying Taxes on your Land, you Do Not Own It, under a Land Patent your are Part & Parcel, you are the Land, & the Land is You, you Do Not Own it,...

  • @murkri8723
    @murkri8723 29 дней назад

    In a community property state, the deed says "husband and wife". Is this the same as "joint tenants with rights of survivorship"?

  • @creditrepairwizards
    @creditrepairwizards 10 дней назад

    JTWROS joint tenants with right of survivorship

  • @patrickpaes6653
    @patrickpaes6653 Месяц назад +6

    what haens if it is in a trust

  • @cheryltitus9460
    @cheryltitus9460 Месяц назад +3

    What if deed says daughter owns at my demise?

  • @gbinman
    @gbinman 26 дней назад

    I owned my house when my wife and I were married in 2017 In Texas. Subsequently I added a TOD to the deed with the idea that it would cause the property to bypass probate. I did the same will all bank and brokerage account add POD provisions. Lastly all vehicles have TODs. It there any disadvantage or flaw in this approach. We do have wills, advanced directives, etc. My only heirs are a sister and nephew who are doing well. My wife could manage on her own without me or my estate though my pension income would cease, which I why I want her to have the house and monies to maintain her lifestyle if I predecess her. With the PODs and TODs, there isn't enough items of value to be concerned with.

  • @evangiles4403
    @evangiles4403 18 дней назад

    I don't know what America does but you cannot have a DIY title deed any title must be registered with the land titles office and the tenant in common or joint is for mortgage purposes so they know what the mortgage was put under since with tenant in common if it goes belly up they can only take that person's share of any proceeds where if joint the both are equally liable for discharge of debt

  • @toddrhine7648
    @toddrhine7648 19 дней назад

    Is it to late to have the Joint Tennantcy done to our dee??
    Bought the house w/ cash some yrs ago using our friend that was a realtor. Both names of g/f was put on it but Joint Tennantcy was not mentioned at all. What is all involved to have this done??? Thx so much.

  • @user-zz7nr9dt5x
    @user-zz7nr9dt5x 28 дней назад +3

    I've heard/read that if you're listed as a "tenant" on your deed, and not an "owner," you legally do NOT own the property. You are, in fact, a tenant (renter), despite even paying off the mortgage. True or false?

  • @lesawilkes5673
    @lesawilkes5673 Месяц назад +4

    can you just sign a "quit claim" and keep it until needed?

    • @kimmyk1
      @kimmyk1 Месяц назад +3

      Generally yes but will need to file it of record.

  • @victoryamartin9773
    @victoryamartin9773 23 дня назад

    If there are joint tenants, do they both (all) have to sign to sell the property?

  • @rodschmidt8952
    @rodschmidt8952 Месяц назад

    How is that different from tenancy by the entirety?

  • @flapoverspeed
    @flapoverspeed 2 месяца назад +4

    In a community property state, you might not be able joint tenancy?

    • @lauriebak
      @lauriebak Месяц назад +3

      Community property states typically offer a few options for married couples to choose when deeding a property. In California, for instance, you can choose Joint Tenancy. But you can also choose from other options, such as Community Property with Right of Survivorship. Are you aware of a community property state that doesn’t have deeding options? Genuinely curious. Thanks!

  • @BENJAMIN-zi4gv
    @BENJAMIN-zi4gv 16 дней назад

    I don't think I have this on my Home Owner documents. How do I go about doing it? My name and Moms Name are listed as Co-owners. She got the loan which is now paid off. I paid it off. She's 88 I'm 61. I remember signing something saying. If one dies the other assumes sole ownership

  • @jvh8806
    @jvh8806 Месяц назад +3

    Hello - Is this the rule in each of the 50 states ? I thought each state had their own rules for deeds. Thanks

    • @jazzcatt
      @jazzcatt 21 день назад +2

      You are correct. You need to check the rules/laws of your state.
      Stupid, but true. In my opinion real estate law should be the same in all states.

  • @alcopower5710
    @alcopower5710 22 дня назад

    Can you gave 3 people listed as Joint Tenants with rights of survivorship?

  • @melissabean8144
    @melissabean8144 17 дней назад

    Great advice 💯 but is this in every state or where??

  • @ResQmomKim
    @ResQmomKim 25 дней назад

    Is this just for Minnesota? Or other states too?

  • @carlthornton3076
    @carlthornton3076 21 день назад

    Very Good!... #231 {5-10-2024}

  • @marklangevin9939
    @marklangevin9939 Месяц назад +2

    If you have a spouse...Joint Tenants...

  • @davidcarlen8363
    @davidcarlen8363 Месяц назад +1

    I used a lawyer 30 years ago it's still screwed up, I sold a house lawyer fd' it up

  • @thecurator2626
    @thecurator2626 25 дней назад

    How do you get the right attorney and when do you know you need the attorney?

  • @roystervi
    @roystervi 29 дней назад

    Hi I own my house out right paid off in my name alone, I create a Quick Claim Deed to my two girls(children) when I die, will this hold up whereby they can just go and record the deed? TIA

  • @MrDaiseymay
    @MrDaiseymay Месяц назад

    IS THIS SITUATION THAT YOU QUOTE, THE SAME IN THE UK ?

  • @jimwhalen6769
    @jimwhalen6769 Месяц назад +12

    If this is not on our deed, how do we change it? Or can we change the deed?

    • @BobSmith-kd6lq
      @BobSmith-kd6lq 25 дней назад +1

      Go to a title company and ask them.

    • @jimwhalen6769
      @jimwhalen6769 23 дня назад

      I got my deed out and it does have this phrase in it!

  • @carolwaite4343
    @carolwaite4343 Месяц назад

    What if a parent puts up the down payment on a child's new home with the intention of living there also, how does that work? Hopefully the parent will pass first. Does this create a problem?

  • @ginabrown5093
    @ginabrown5093 17 дней назад

    From my understanding not all states have right of survivorship? Thats what my attorney told me when doing my will.???

  • @leesapage-long5805
    @leesapage-long5805 Месяц назад +1

    Question
    My husband & I, married since 1996. Bought our house in 2003. Due to my bad credit at the time of purchase. Our house is in his name only. What do we need to do, to protect me? We live in Oregon & our current balance owed is less than $18k

    • @Mike1122.
      @Mike1122. Месяц назад +3

      Why didn’t he add you to the deed at closing? I understand he’s on the loan but he should have added you to the original deed. Now, It’s very common, add yourself to the deed with him and you both sign and file at the county recorder.

  • @1notgilty
    @1notgilty Месяц назад +1

    As the old saying goes: "He who represents himself has a fool for a client."

  • @steveaymes194
    @steveaymes194 Месяц назад

    ❤😊

  • @apoxrox
    @apoxrox 22 дня назад

    Tenants in common always ends badly in the end. I found out.

  • @thetransmogrifer2522
    @thetransmogrifer2522 Месяц назад +1

    I thought the county creates deeds.How should I proceed? I don't have any debt on my domicile.

    • @user-xc7iq4cm8t
      @user-xc7iq4cm8t Месяц назад +1

      File a REGISTERED deed (you can get a template off Internet) in your local Registry of Deeds. Or pay a trustworthy lawyer. Don’t do a quitclaim deed. Houses are being stolen b/c the wrong documents were filed when they bought, they were misled on the term as of their mortgage. Your home is paid for. Protect it!

  • @matthewchase2512
    @matthewchase2512 Месяц назад +2

    Who controls the water can make money on the farm