Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Real Estate Law (https://www.askmehelpdesk.com/forumdisplay.php?f=29)
-   -   Joint tenancy in Michigan with husband , wife and son (https://www.askmehelpdesk.com/showthread.php?t=651849)

  • Apr 17, 2012, 02:31 PM
    arkiefisherman
    Joint tenancy in Michigan with husband , wife and son
    A husband, wife and son have ownership in property in Michigan under joint tenancy what share does each own?
  • Apr 17, 2012, 02:54 PM
    ScottGem
    1/3 unless the deed expressly allocates an uneven split.
  • Apr 17, 2012, 04:34 PM
    AK lawyer
    Quote:

    Originally Posted by arkiefisherman View Post
    a husban, wife and son have ownership in property in Michigan under joint tenancy what share does each own?

    This is not exacly what you asked, but are you sure it's a joint tenancy?

    "Revised Statutes of 1846 (EXCERPT)
    Chapter 62. Of The Nature And Qualities Of Estates In Real And Personal Property, And The Alienation Thereof.

    554.44 Land conveyance to two or more persons; estate created.
    Sec. 44.

    All grants and devises of lands, made to 2 or more persons, except as provided in the following section, shall be construed to create estates in common, and not in joint tenancy, unless expressly declared to be in joint tenancy." MI Comp L 554.44 :: Section 554.44 — Land conveyance to two or more persons; estate created. :: 2011 Michigan Compiled Laws :: US Codes and Statutes :: US Law :: Justia

    Just so you'll know: It has to expressly contain the words "joint tenancy", or it's a tenancy in common.

  • All times are GMT -7. The time now is 10:55 PM.