My wife and I are in the process of swapping a piece of property to a neighbor for a like size piece of property. The parcels are identical in size and value. We wish to complete the process through the use of Quit Claim deeds. The question is whether my wife and I should be listed as joint tenants with full right of survivorship or as joint tenants not in common with full right of survivorship? Or does this mean the same thing? Also, the neighbors have divorced but it's not final yet. Do both have to be listed the same as my wife and I?
1 Answer from Attorneys
You use neither one. Tenancy by the entirities is the proper way to hold property as husband and wife. www.kliszlaw.com. Tim Klisz