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Rachel Alexa…, Real Estate Pro in Gardnerville, NV

Is there any difference in recording a deed as Joint Tenants vs. Joint Tenants with Right of Survivorship in NV? Aren't they the same thing?

Asked by Rachel Alexander, Gardnerville, NV Mon Nov 18, 2013

Probate avoidance questions

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Thank you for confirming that Jim & Lisa, you guys are The BEST! I thought so! But am surprised how often I see 'right of survivorship' spelled out (unnecessarily) on deeds around here. It's amazing how the SIMPLE vesting of Joint Tenants on a deed can avoid probate for the surviving owner if one dies. Such a simple thing to do if one doesn't have a Trust in place yet (me but I'm working on one!). It doesn't seem like vesting a property 'as husband & wife' is ever appropriate, is it?? Unless the deed says 'as joint tenants' after 'husband and wife', right? Probate isn't hard in NV but it seem SO simple to avoid completely.
0 votes Thank Flag Link Sun Apr 13, 2014
Rachel,

A title vested as "Joint Tenants" affords the same rights as "Joint Tenants with rights of Survivorship". They both mean the same thing.

Lisa

Lisa Wetzel and Jim Valentine

Certified Distressed Property Expert, CDPE
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
775-781-5472 Lisa
775-781-3704 Jim
775-781-3703 Jessie
http://www.carsonvalleyland.com
http://www.experienceispriceless.blogspot.com
carsonvalleyland@hotmail.com

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0 votes Thank Flag Link Sun Apr 13, 2014
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