Under Kansas law, which form of co-ownership includes the right of survivorship, meaning that when one co-owner dies, that owner's interest automatically passes to the surviving co-owner(s)?
Correct Answer
B) Joint tenancy
Joint tenancy in Kansas includes the right of survivorship. When a joint tenant dies, that owner's interest passes automatically to the surviving joint tenant(s) by operation of law, bypassing probate. Kansas recognizes joint tenancy and requires clear language of intent to create it (K.S.A. 58-501).
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Related Topics & Key Terms
Key Terms:
Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
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