When a joint tenant in South Dakota dies, their interest in the property:
Correct Answer
B) Automatically passes to the surviving joint tenant(s)
The right of survivorship is the defining feature of joint tenancy. When a joint tenant dies, their interest automatically passes to the surviving joint tenant(s) outside of probate. The deceased tenant's interest cannot be willed to heirs.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
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