When a joint tenant dies, their interest passes to:
Correct Answer
B) The surviving joint tenant(s) automatically
Joint tenancy includes the right of survivorship. When a joint tenant dies, their interest automatically passes to the surviving joint tenant(s) outside of probate. This is a key distinction from tenancy in common, where a deceased owner's share passes to their heirs or through their will.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
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.
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.
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