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The first step is to determine ownership under the laws of the state where the property is located. Ownership rights are determined by the way the title to the property is titled. If the property is held as Joint Tenancy or Joint Tenants With Rights To Survivorship (JTWRS) the propert passes directly to the other owner(s) and is not subject to probate action; if it is held as Tenants-In-Common the share of the property belonging to the deceased is determined by and subject to probate procedure.

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βˆ™ 2006-09-09 16:37:32
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Q: What should you do if you have jointly owned property with a brother and he dies?
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What percentage of the proceeds is due to the wife when a property is sold?

If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.


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Can a lien be placed on jointly owned property in Alabama?

Whether or not it is possible depends upon how the deed to the property is worded. It also depends upon if the property is owned jointly by a married couple.


How long do you to be married jointly owned property?

You do not necessarily have to be married to own jointly owned property and even when an individual is married for 60 years he could still keep property separate from his spouse. Property is considered jointly owned if you purchased it together (each contributing), your name is on the property, or in some situations when you are married and you have substantially contributed to the property. If your spouse has kept the property separate by keeping it in his name, only putting his money into it then it will be considered separate.


Can you leave property to someone in a will if you don't own all the property?

If the property is owned jointly, you can leave your portion of the property or your portion of the ownership to someone.


What if you destroy property during the marriage?

If it is marital property it is jointly owned and either party can do with it what they like. If it was separate property you are liable for the damages.


In pa when the house is owned jointly it is part of the estate?

When property is owned as joint tenants with the right of survivorship the property is NOT part of the estate of the first joint owner to die.


Can someone put a lien on your home when it is a personal loan and what if the house is jointly owned and the owners are not married?

A Mechanic's lien can be placed on a jointly owned home without the necessity of a lawsuit. All other liens against real property even that which is jointly owned must be obtained through the prescribed legal procedure (lawsuit) of the state in which the property is located.


When one spouse has a judgment enter on them can they levy property that is jointly owned by the other spouse?

In Michigan can jointly owned real estate by used to satisfy a judgement against one of the joint owners?


Can a judgment creditor foreclose on property jointly owned if only one person was named on the judgment?

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Is a beneficiary of a will entitled to a share of the decedent's jointly-owned property?

Generally, interest in jointly owned real and personal property passes automatically to the surviving owner. Joint bank accounts may pass into the estate if they were made joint only for the purpose of convenience.


Is the beneficiary of a will entitled to a share of the decedent's jointly-owned property?

It depends on what the will states. If the will states that you are the sole beneficiary of all of the decedent's property, you will receive whatever share the decedent owned of the jointly-owned property. The decedent's share of the property will become your share. If there are other beneficiaries and the division of ownership is not specified in the will, the decedent's share of the jointly-owned property will be divided equally amongst the beneficiaries. If the will states a specific division amongst beneficiaries (e.g. 1/2 interest to John Doe, 1/4 interest to Jane Doe and 1/4 interest to Bob Doe), then the decedent's share of the jointly owned property will be divided amongst the beneficiaries accordingly. But, the quick answer to your question is that just because someone else who is still alive has a share of the decedent's property doesn't mean that the entire property reverts to that alive shareholder. The decedent's interest in the property will go to his or her heirs in the same proportion that the decedent owned the property when he or she was alive.

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