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A married California couple is taking title to a condominium. They want the survivor to own the whole unit immediately at the first death without probate, and they also want the entire property revalued for income tax purposes at that death. Which vesting accomplishes both?

Correct Answer

B) As community property with right of survivorship

California Civil Code section 682.1 lets spouses take title as community property with right of survivorship when the transfer document expressly declares it: the survivor takes the whole property without administration, by the same procedures that apply to joint tenancy. Because the property keeps its community character, the full value is revalued for income tax purposes at the first death under 26 U.S.C. section 1014(b)(6), not just the decedent's half. Joint tenancy avoids probate but revalues only the deceased tenant's half. Community property without a survivorship declaration and a tenancy in common both leave the decedent's half to pass by will or intestate succession, which means probate.

Answer Options
A
As joint tenants with right of survivorship
B
As community property with right of survivorship
C
As tenants in common in equal shares
D
As community property, with no survivorship declaration in the deed
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Related Topics & Key Terms

Related Topics:

property-types-ownershipestate-planning-real-estatecalifornia-community-property

Key Terms:

community property with right of survivorshipjoint tenancysurvivorshipProbate Code 682.1ownership in severalty

Related Concepts

An easement by necessity is created by court order when a property is landlocked and has no access to a public road. It arises from the necessity of accessing the property, not from long-term use.

An easement by prescription is acquired through continuous, open, notorious, hostile, and uninterrupted use of another's land for a statutory period. It is similar to adverse possession but grants use rights, not ownership.

Eminent domain is the government's constitutional right to take private property for public use, provided the owner receives just compensation. It is also known as condemnation.

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