Legal Question in Real Estate Law in Rhode Island
ownership of property
is it necessary to add my husband to the property i'm in the process of aquiring? i want him to be co-owner. we live in florida, and and the property is in rhode island. asking this question in the event of my death.
1 Answer from Attorneys
Re: ownership of property
If you want your husband to own the property in Rhode Island (RI) and you want him to acquire the real estate ( real property)automatically in the event of your death, then you should put his name on the deed. Most married couples in Rhode Island own property jointly as tenants by the entirety. Owning real estate as tenants be the entirety is a form of joint ownership which is only allowed to married couples. "Tenants by the entirety" gives married couples further protection against potential creditors. If the property is owned jointly the real estate will not go into probate upon your or his death and will automatically pass to the other spouse who survived.
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