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Affidavit of Survivorship

An Affidavit of Survivorship is a legal document that verifies the identity of a surviving joint owner of a property.

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Service Description

An Affidavit of Survivorship is a legal document used to establish the ownership of an asset or property after the death of one of the joint owners. It is commonly used in situations where two or more people own a property together as joint tenants with right of survivorship. This means that if one of the joint owners dies, their share of the property automatically passes to the surviving owner(s), without the need for probate or other legal proceedings.

The purpose of an Affidavit of Survivorship is to provide evidence of the transfer of ownership from the deceased joint owner to the surviving joint owner(s). This document is typically required by financial institutions, title companies, and government agencies in order to transfer ownership of the property or asset to the surviving owner(s). The Affidavit of Survivorship serves as proof that the surviving owner(s) now have full legal ownership of the property or asset.

The actual content of an Affidavit of Survivorship will vary depending on the jurisdiction and type of asset or property. However, there are some common elements that are typically included in the document. These may include:

– The names of the deceased joint owner and the surviving joint owner(s)
– A statement indicating that the joint owners held the property or asset as joint tenants with right of survivorship
– The date of death of the deceased joint owner
– A statement indicating that the surviving joint owner(s) are the legal owner(s) of the property or asset
– The legal description of the property or a description of the asset
– Signatures of the surviving joint owner(s) and a notary public

It is important to note that an Affidavit of Survivorship should only be completed by the surviving joint owner(s) after the death of the other joint owner. Additionally, it is recommended that the document be witnessed and notarized in order to ensure that it is legally binding.

In conclusion, an Affidavit of Survivorship is a key legal document used to establish ownership of a property or asset after the death of a joint owner. It provides important evidence of the transfer of ownership and is typically required by financial institutions, title companies, and government agencies. If you are a joint owner of a property or asset, it is important to understand the purpose and contents of an Affidavit of Survivorship in order to ensure that your ownership rights are protected.

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