Unmarried Couples Buying Real Estate Property Together
In this video, Samantha Fitzgerald explores the various options available for unmarried couples when it comes to holding property titles in Florida.
#1) Tenants-in-Common (TIC):
-By default, unmarried couples in Florida hold title as "tenants in common."
-This means both partners have ownership interests in the property.
-They can own equal or different percentages of the property.
-However, they cannot claim ownership of specific parts of the property.
-In the event of a tenant in common's passing, their share of the property passes to their estate or chosen beneficiary.
#2) Joint Tenants with Full Rights of Survivorship (JTWROS):
-Another option for unmarried couples is to hold title jointly as "joint tenants with full rights of survivorship."
-This gives each person an equal share of the property and the right to inherit their partner's total share after their passing.
-Both individuals have equal rights to the property, and survivorship rights apply if one partner passes away.
-JTWROS can only be used if both owners purchase the property at the same time and have an equal share.
#3) Tenant by the Entireties (TBE):
-TBE is a unique option primarily available to married couples in Florida.
-It provides enhanced asset protection by treating the couple as a single legal entity, protecting the property from the individual debts of either spouse.
-In the event of one spouse's passing, the surviving spouse automatically becomes the sole owner of the property without going through probate.
Have questions or comments on estate planning? Leave a comment or reach out to us at Info@EstateandProbateLawyer.com.
Subscribe for expert insights and secure your family's future today!
PHONE: 954-580-3690
WEB: www.estateandprobatelawyer.com
FACEBOOK: https://www.facebook.com/estateandprobatelawyer
YOUTUBE: https://youtu.be/_t3qqQDaluI
INSTAGRAM: https://www.instagram.com/sjflawgroup/
LINKEDIN: https://www.linkedin.com/company/sjflawgroup/
TIKTOK: https://www.tiktok.com/@sjflawgroup
-
2:13:34
Nerdrotic
6 hours agoUnlocking the Stargates, Skinwalker Ranch | Forbidden Frontier #065
37.8K77 -
2:30:44
vivafrei
13 hours agoEp. 218: Biden DISASTER Continues! Trump Immunity FALLOUT! Europe in Turmoil! & MORE! Viva & Barnes
129K156 -
LIVE
Vigilant News Network
6 hours agoMedia Blackout: 10 News Stories They Chose Not to Tell You - Episode 30
3,113 watching -
36:08
Stephen Gardner
6 hours ago🔴Trump Lawyer EXPOSES Judges Juan Merchan & Arthur Engoron in NYC cases
61.5K190 -
4:30
Caleb Hammer
1 month ago27 Year Old Doesn't Give A Single Crap About His Finances
57.2K58 -
52:38
Squaring The Circle w/ Randall Carlson
11 hours ago#011 The Cosmos Speaks: The Tunguska Impact Event Pt.2 - Squaring The Circle
43.9K24 -
27:47
Degenerate Jay
12 hours agoWatch Dogs Is An Underrated Gem - Watch Dogs Game Review
54.6K16 -
51:00
Sports Wars
12 hours agoBronny James Has DISASTROUS Debut, Caitlin Clark HATE Reaches New Level, Vikings Rookie DB Tragedy
78.2K45 -
41:05
Standpoint with Gabe Groisman
13 hours agoEp. 35. Saluting our Troops this Independence Day Weekend. Vice Adm. Herman Shelanski, USN (ret.)
90.6K28 -
45:54
The Why Files
20 hours agoHumans vs Superhumans | When Monsters Were Real and We Almost Went Extinct
100K89