When a joint tenant dies, their interest in the property passes to:
Correct Answer
B) The surviving joint tenant(s) automatically
A key feature of joint tenancy is the right of survivorship. When a joint tenant dies, their interest automatically passes to the surviving joint tenant(s) by operation of law — bypassing probate, the deceased's will, and any heirs. This distinguishes joint tenancy from tenancy in common.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
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