Under Rhode Island law, which form of co-ownership automatically includes the right of survivorship, meaning that when one owner dies, their interest passes directly to the surviving co-owner(s) without going through probate?
Correct Answer
A) Joint tenancy
Joint tenancy under Rhode Island law includes the right of survivorship as one of its defining characteristics. When a joint tenant dies, their interest automatically vests in the surviving joint tenant(s) by operation of law, bypassing probate entirely. Rhode Island recognizes joint tenancy and requires that it be expressly created with clear language indicating survivorship intent.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
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.
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