Retitling Property In Kentucky
Summary
In Kentucky, Tenancy by the Entirety is not recognized. You can consider Joint Tenancy or Tenancy in Common. To retitle, consult a real estate attorney, draft a new deed specifying the type of ownership, have the deed signed and notarized, and record the deed at your countys recorders office. Generally, a judgment can be put on a property if the owner owes creditors, but this depends on the specifics of the debt and local laws. Consult a local attorney to understand the potential risks and protections available.Full Conversation
I live in Ky and am wanting to retitle my spouse and I's property to tenancy by the Entirety due to he has had credit debt in the past ( which is taken care of now). But I want to protect our property in case he does it again. What do zi need to do to retitle and does Ky suppot the Tenancy by the Entirety
In Kentucky, the Tenancy by the Entirety is not recognized. However, you can consider a Joint Tenancy or Tenancy in Common. To retitle, you'll need to:
- Consult a real estate attorney.
- Draft a new deed specifying the type of ownership.
- Have the deed signed and notarized.
- Record the deed at your county's recorder's office.
My deed says: To have and to hold the above described property unto parties of the second part, jointly for and during their natural lives with remainder in simple feeto the survivor of them his or her heirs and assigns forever, with covenant of General warranty of title. Can it have a judgement put on it if he owes creditors
Generally, a judgement can be put on a property if the owner owes creditors. However, this depends on the specifics of the debt and local laws. It's best to consult with a local attorney to understand the potential risks and protections available.
Ok. Thank you
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