Warranty Deed Tenancy By Entirety

WARRANTY DEED TENANCY BY THE ENTIRETY. This form is a Warranty Deed specifically designed for the establishment of a tenancy by the entirety in the state of Illinois. It is used when a married couple wishes to jointly own real estate with rights of survivorship, which means that if one spouse passes away, the other automatically becomes the sole owner of the property. The document includes details such as the names and addresses of the grantor(s) and grantee(s), a description of the real estate being conveyed, consideration paid for the property (usually a nominal amount), and the date of the transaction. It also includes a section for the waiver of homestead exemption rights. Similar to other deeds, this instrument must be acknowledged before a notary public and filed with the county recorder's office. Additionally, it specifies that the instrument was prepared by a particular individual or entity. www.FormsWorkflow.com