A title that is often placed on co-owned property. At the death of one owner, the other owner will be legally entitled to sole possession of the property, regardless of what provisions are made in a Will. Joint tenancy property passes outside of probate, however, it may be severed so that the property becomes part of one person’s estate and passes to that person’s heirs.
« Back to Glossary IndexJoint Tenancy with Right of Survivorship
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