What Is Joint Tenancy with Right of Survivorship in Florida?
Joint tenancy with right of survivorship is a form of co ownership in which a deceased owner's share passes to the surviving joint owners. Florida does not presume that result for ordinary joint holdings. Except for estates by the entirety, a devise, transfer, or conveyance to two or more people creates a tenancy in common unless the instrument expressly provides for the right of survivorship.
Florida abolished the old common law presumption of survivorship for joint tenants. The statute states that the doctrine of the right of survivorship does not prevail for real estate or personal property held by joint tenants, with a key exception for estates by the entirety.
As a result, a devise, transfer, or conveyance to two or more people creates a tenancy in common unless the instrument creating the estate expressly provides for the right of survivorship. Clear survivorship language in the deed or other instrument is what creates that result for non entirety holdings. On dissolution of marriage, tenants by the entirety become tenants in common.
Tenancy in common, the default when survivorship is not expressly created, is explained in what tenancy in common is. Assets that may pass outside probate are summarized in what assets are exempt from probate in Florida. Survivorship title questions often turn on the exact wording of the recorded instrument.
This post is for informational purposes only and does not constitute legal advice or create an attorney-client relationship. A licensed attorney in the relevant jurisdiction should be consulted for advice tailored to specific circumstances.
References
News
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