Posts Tagged ‘community property with right of survivorship’
Terms of Trust Direct Ownership of Real Estate
Question: In a recent column you said that the deed to a home owned by a husband and wife must contain specific language for the surviving spouse to become the 100% owner of the home without probate. You said that the language that should be used on the deed is “community property with right…
Read MoreLaw Requires Specific Wording on How Title is Held
Question: My husband and I are in an argument about how to hold title to real estate in order to avoid probate. My husband says that, if the deed to our home says “and/or,” the surviving spouse will automatically acquire title to the real estate without any probate. According to my husband, the reason that…
Read MoreTitle Passes to the Widow
Question: My husband and I purchased our home in Phoenix 12 years ago as community property with right of survivorship. My husband recently died. The home has increased in value to $186,000, and I am worried about paying taxes. Should I have the title transferred to my name only? I am in my late…
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