Quote:
Originally Posted by Stu from NYC
Thinking you might want to talk to a lawyer/cpa about the ramifications of doing this.
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I could not agree more. What are the OP's reasons compelling this? What are the desiderata?
The property most likely is currently held as a tenancy by the entirety.
"A tenancy by the entirety is a form of joint ownership that protects property from creditors of either spouse. In Florida, tenants by entireties means both spouses own an undivided interest in 100% of the property. If either spouse dies, the surviving spouse inherits full ownership of tenants by entireties assets. In this way, tenants by entireties can be considered as joint tenancy with rights of survivorship plus marriage. Tenants by entireties is allowed for all types of property in Florida."
Tenancy by the Entirety in Florida - Alper Law.
It is also possible but unlikely that it is held as a tenancy in common.
There is no such thing as held in "joint names" as far as I know. Disclaimer: I am not a Florida licensed attorney