Margaret and her brother Tom purchase a ranch in Sublette County, Wyoming. Their deed states they hold title 'as joint tenants with right of survivorship.' Tom later dies. What happens to Tom's interest in the property under Wyoming law?
Correct Answer
B) Tom's interest automatically passes to Margaret as the surviving joint tenant.
Under Wyoming law, joint tenancy includes the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) by operation of law — no probate is required for that interest. Margaret becomes the sole owner of the ranch upon Tom's death.
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Related Topics & Key Terms
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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