Victor is married to Wendy in Washington State. Before their marriage, Victor purchased a cabin in his name alone using his own savings. After the wedding, Victor executes a deed conveying the cabin 'to Victor and Wendy as joint tenants.' Wendy later dies. Which statement best describes the legal status of the cabin?
Correct Answer
B) Victor owns the entire cabin by right of survivorship as the surviving joint tenant
When Victor executed a deed conveying the cabin to himself and Wendy as joint tenants, he effectively transmuted his separate property into a jointly held asset. The new deed created a valid joint tenancy with the right of survivorship. Upon Wendy's death, Victor automatically inherits her interest by survivorship and now holds the cabin in severalty. Washington law permits transmutation of separate property through a deed, and the joint tenancy survivorship right operates as intended.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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