Titling -- Married vs. Husband and Wife

ammo

DIS Veteran
Joined
Mar 20, 2007
Messages
2,081
We are buying a resale contract and the paperwork lists us as "married" (there is also an unchecked box on the electronic form for "husband and wife"). Years ago I know we titled our membership as husband and wife. Is this a potential problem for adding the new contract to our existing membership? Thanks for your help.
 
Ask your title company what the difference between them is.
I’m no expert in Florida family law or probate but generally how title is held becomes important in cases where one owner dies, or there’s a divorce, etc.
Tenants by the entireties is a way to hold title available only to married couples/husband & wife. If one spouse dies the other inherits 100%. There may also be some protection from creditors in holding title as tenants by the entireties. To hold title as tenants by the entireties you must be married.
The other ways to hold title in Florida do not require that you be married. You can hold title as Tenants in common with right of survivorship (avoids probate & survivor inherits 100%,) tenants in common, or as joint tenants.
I suspect that your first DVC deed is held as tenants by the entireties & that you want this one to be held in the same way - but verify that w/ your title company.
 




















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