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Quitclaim Deed for One Individual to Three Individuals as Joint Tenants with the Right of Survivorship North Carolina Form

Quitclaim Deed for One Individual to Three Individuals as Joint Tenants with the Right of Survivorship North Carolina Form

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Instructions and help about Quitclaim Deed For One Individual To Three Individuals As Joint Tenants With The Right Of Survivorship North Carolina

right of survivorship is a tool used in estate planning to protect the intent of a decedent regarding real estate property and other jointly held properties here's a quick summary write a survivorship definition the right of survivorship refers to the legal right held by a joint tenant often a spouse to claim real or personal property upon the death of a joint holder usually their spouse the right of survivorship only applies to property held in joint tenancy or as community property with a right of survivorship given that the right of survivorship takes effect automatically upon the death of one of the joint tenants or spouses the property does not form part of the decedent's estate and is not subject to competing claims by other beneficiaries heirs or creditors as such it serves as an effective estate planning tool that allows for the transfer of property interest outside of probate notably the right of survivorship is non-transferable ensuring that upon the death of

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