National Credit Union Administration. The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.
This joint tenancy severance is necessary to change your tenancy from a joint tenancy to a tenancy in common. This notice will record the current ownership of the property as well as the change in ownership. Ask a lawyer to discuss your specific legal situation.
Joint tenancy. You donât need to pay duty on a transfer that results from the death of a joint tenant. Because of the rules of survivorship, the deceased personâs share in the property passes immediately to the surviving joint tenant(s) and is an exempt transaction.This exemption doesnât apply to property held as tenants in common.ou donât need to pay duty on a transfer that results from the death of a joint tenant. Because of the rules of survivorship, the deceased personâs share in the property passes immediately to the surviving joint tenant(s) and is an exempt transaction. This exemption doesnât apply to property held as tenants in common.