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Affidavit Evidencing Termination of Community Property with Right of Survivorship Form

Affidavit Evidencing Termination of Community Property with Right of Survivorship Form

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Hi everyone, this is David Glanzrock with Fidelity National Title and on today's episode of the Title Minute we are going to explain what it means to hold title, or vest your property as Community Property with Rights of Survivorship. Remember to consult your estate planning attorney and CPA before selecting the method in which you will hold title so you understand both the tax and legal consequences. Community Property with Rights of Survivorship is a method of holding title which is available only to married spouses, where the division of interest in the property is equal between the two spouses. With Community Property with Rights of Survivorship, management is unified, and both co-owners have equal management and control of the real property. If one of the spouses were to pass, there interest would automatically revert to the surviving spouse. Meaning, if John and Jane were married, and John were to pass away, with Community Property with Rights of Survivorship, Jane would

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