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MS HB685
Bill
Status
3/27/2023
Primary Sponsor
Thomas Reynolds
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AI Summary
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Amends Mississippi property law to exclude conveyances of primary residences to married couples from the default rule that creates estates in common
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Creates a rebuttable presumption that property conveyed to a married couple is their primary residence and is held as joint tenancy with right of survivorship
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Allows the presumption to be overridden only if the deed contains specific provisions stating otherwise
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Maintains existing law that joint tenancy or entirety between spouses can be terminated by deed from one spouse to the other without the grantee spouse's joinder
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Effective date of July 1, 2023
Legislative Description
Deeds to married couples; create a rebuttable presumption of joint tenancy with rights of survivorship.
Last Action
Died In Conference
3/27/2023