Legal Question in Real Estate Law in Nevada

Rights of survivorship

I would like to know the following:

I married my huband in October 2000 in Illinois where we live. In April of 2000 he bought a home in Las Vegas with two of his friends. One of them was married. The other single. They set it up so that who ever lived longest owned the home. The married guy had his wife sign a quit claim deed to accomplish the type of ownership they wanted to set up. I have signed no such deed.

The single guy died in February so now only two of them own it.

Therefore, if my husband should not outlive the other remainig owner (GOD forbid, I just wonder because the other owners wife likes to harass me), would I have any ownership rights since I have not signed any quit claim deed?

Thanks


Asked on 7/14/02, 11:14 pm

1 Answer from Attorneys

Joel Selik www.SelikLaw.com

Re: Rights of survivorship

Is the house paid for in full or is he making payments? If paid for in full, you would have no ownership rights per Nevada Law (but Illinois law might have an affect). If they are making payments there are questions of Illinois law that would come into play. As Illinois law affects this in full, you should consult an Illinois attorney. If you want to make certain you obtain your husband's share, you should have him deed his interest to you and he, thus breaking the Joint Tenancy.

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Answered on 7/15/02, 8:44 am


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