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.
Survivorship rights means if one joint tenant dies, the interest of the deceased joint tenant passes to the other joint tenants. Because assets held as joint tenants pass to the surviving co-tenants, property held through a joint tenancy cannot be devised or gifted.