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The language to be used is "joint tenants with right of survivorship". Sometimes it is abbreviated as "JTWROS". It is placed after the names of the buyers. It looks like this:
John Doe and Mary Doe, as joint tenants with right of survivorship Or John Doe and Mary Doe, JTWROS Or sometimes John Doe and Mary Doe, tenants by the entirety. In some states if it just says "husband and wife" that is sufficient to create the joint tenancy. So the deed may say John Doe and Mary Doe, husband and wife. |
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Title
I would always use a 'title company" or an attorney to draw up any deed.
There are forms available from various legal forms companys on the internet that will meet all of each states requirements www.legalforms.com |
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In AZ you can take title as Joint Tenants With Right Of Survivorship as others have posted. Also you can take title as Community Property With Right Of Survivorship. I believe that the Community Property option has certain tax advantages, such as a step up in the property value. Check with your tax advisor.
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I agree with Fr_Chuck, get an attorney to do the dirty work. However, for some self-enlightenment, deeds are a matter of public record - so find a county in AZ that has online access to the deeds and read a couple to see what they say. It will give you an idea of how they are done.
When I went to sell my first home, I found out that the house I had bought 5 years earlier was never actually owned by me because of a mistake on the deed that the closing attorney had made. Within one hour of calling him, the day before closing, he was in the RMC office with a corrected deed. He was very embarrassed and upset at the mistake that he made. My point is that if you make a mistake, you'll pay for it big time - if the attorney makes the mistake they will get it fixed fast at no cost to you. I hope this helps... Carvel |
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