All of the following are characteristics of joint tenancy in Kentucky EXCEPT:
Correct Answer
D) A deceased joint tenant's interest may be devised by will to a named beneficiary.
Option C is the EXCEPTION — it is NOT a characteristic of joint tenancy. In a joint tenancy, the right of survivorship means that when a joint tenant dies, their interest automatically passes to the surviving joint tenants by operation of law. A joint tenant CANNOT devise their interest by will to a named beneficiary; the survivorship feature overrides testamentary disposition.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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