Free Survivorship Deed

Free Survivorship Deed

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Create Your Free
Survivorship Deed

  1. Answer a few simple questions
  2. Email, download or print instantly
  3. Just takes 5 minutes

Survivorship Deed

Create your Free Survivorship Deed

Create your Free Survivorship Deed

Virginia

VABuilt for Virginia
Different states have different rules and regulations. Your Survivorship Deed will be customized for Virginia.


Frequently Asked Questions

What is a survivorship deed?A survivorship deed creates a joint tenancy between two or more grantees and it facilitates the transfer of property rights from the deceased grantee to the surviving grantee(s).

Upon the death of one of the grantees, his or her interest in the property will pass to the surviving grantee(s) automatically and bypass the need for probate. The last surviving grantee of the deed gets complete ownership of the property and upon the death of the last survivor, the property will be subject to probate.

This type of deed is often used by couples who want to ensure their property will go directly to the surviving partner upon the death of one partner.


Your Survivorship Deed

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Recordation tax exemption pursuant to Code of Virginia section ___________________
Grantee Name: ___________________
Grantee Address: ___________________
Grantee Name: ___________________
Grantee Address: ___________________

PIN or Property Identification Number/Tax Map Number: ___________________
Deed Prepared By: ____________________________
Address: ____________________________
After Recording, Mail to:
____________________________
____________________________

Survivorship Deed

This Survivorship Deed, made this 19th day of November, 2017, by and between ___________________, not married, of ___________________, (the "Grantor"), and ___________________, not married, of ___________________, and ___________________, not married, of ___________________, (collectively the "Grantee").

WITNESSETH, that in consideration of the sum of $0 the Grantor does hereby remise and release, with general warranty covenants, unto the Grantee, as joint tenants with full right of survivorship, in fee simple, all that piece or parcel of land, together with the improvements, rights, privileges and appurtenances to the same, situated in the County of ___________________, Commonwealth of Virginia, described as follows:

___________________________________________________________
___________________________________________________________
___________________________________________________________

The Grantor attests for the Grantee and the Grantee's heirs and assigns that at and until the ensealing of these presents, the Grantor is well seized of the above described premises, as a good and indefeasible estate in fee simple.

The Grantor covenants that the Grantor will warrant generally the property hereby conveyed, and that the Grantor will execute such further assurances of said land as may be required.

WITNESS the hand and seal the day and year first hereinbefore written.

Signed in the presence of:


_________________
Signature

_________________
Name

 
 

_________________
___________________

 
 

Grantor Acknowledgement


COMMONWEALTH OF VIRGINIA

COUNTY OF ____________________

I ____________________________, a Notary Public in and for the said County and State, hereby certify that ___________________, having signed this Survivorship Deed, and being known to me (or whose identity has been proven on the basis of satisfactory evidence), acknowledged before me on this day that, being informed of the contents of the conveyance, the Grantor has executed this Survivorship Deed voluntarily and with lawful authority.

Given under my hand and seal, this 19th day of November, 2017.


_______________________________
Notary Public for the Commonwealth of Virginia

County of _________________________

My commission expires: __________________________

Survivorship Deed

Alternate Names:

A Survivorsip Deed is also known as a:

  • Right of Survivorship Deed
  • Joint Survivorship Deed
  • Survivorship Tenancy Deed

What is a Survivorship Deed?

A Survivorship Deed is a document that allows commercial or residential property to transfer from the property owner(s) (the grantor or grantors) to two or more property owners (grantees). What this transfer does is create a joint tenancy among the grantees.

How does a Survivorship Deed work?

A Survivorship Deed works as follows:

  • The grantor(s) transfers property to grantees who own it as joint tenants.
  • Each grantee now owns an equal share in the property, but since these shares are not distinct, they cannot be transferred to anyone else (such as by sale or in a will).
  • When one grantee passes away, their share is equally divided among the remaining grantees.
  • The last living grantee will own 100% of the property.

How do I create a Survivorship Deed?

List the information for the grantor and grantee(s)

After choosing which state you are creating your document in, the next step is to list the details of the grantor and grantee(s). LawDepot's questionnaire will prompt you to fill in basic information for both roles, including name and marital status for an individual, or the name, agent, and address for a corporation.

Include details about consideration

Consideration is listed in a dollar amount, and is what the grantee provides the grantor for ownership interest, or being listed as the grantee in the Survivorship Deed.

The consideration is generally small if the intention is to give the full rights of property to the grantees as a gift.

Include a description of the property

The property description should include the county where the property is located, as well as the legal description of the property. Information about the legal description of the property can be found by consulting your local county clerk or registry office.

Once the document has been filled out, details about signing will need to be identified. Generally, the Survivorship Deed will need to be notarized in order for it to be executed. In some states, the deed may also need to be witnessed. You can check the requirements for your state by contacting your local county clerk or registry office.

What does right of survivorship mean?

The Survivorship Deed includes right of survivorship, which means that the surviving tenant has the right to the deceased tenant's interest in the property that they both initially had equal interest in.

With joint tenants with right of survivorship (can also be abreviated as JTWROS), the Survivorship Deed ensures that the surviving tenant receives the deceased tenant's interest in the property instead of it passing on to beneficiaries or heirs.

Related Documents:

  • Quitclaim Deed: a form that allows property to transfer from one owner to another
  • Deed of Trust: a document that allows a neutral trustee to be appointed until a borrower pays off the loan for a property
  • Warranty Deed: a document that is used to transfer a property with a warranty on the title to another individual

Frequently Asked Questions:

Survivorship Deed FAQ
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