Ownership of property by two or more people in which the survivors automatically gain ownership of a decedent's interest. In the case of more than one survivor, the decendent's share is divided among the survivors. In addition, each owner can sell or gift his/her share as he/she wants, without the other owners' permission.
Related information about right of survivorship:
- Right of Survivorship - Legal Dictionary - The Free Dictionary
The power of the successor or successors of a deceased individual to acquire the property of that individual upon his or her death; a distinguishing feature of ...
- Avoid Probate: Joint Tenancy with Right of Survivorship
When one of the individuals dies, the surviving individual acquires ownership of the entire piece of property by right of survivorship. To establish ownership, the ...
- What is right of survivorship? definition and meaning
Definition of right of survivorship: Ownership of property by two or more people in which the survivors automatically gain ownership of a decedent's interest.
- Concurrent estate - Wikipedia, the free encyclopedia
Tenants in common have no right of survivorship, meaning that if one tenant in common ... A joint tenancy or joint tenancy with right of survivorship (JTROS or ...
- Right of Survivorship | LII / Legal Information Institute
The right of survivorship is an attribute of several types of joint ownership of property, most notably joint tenancy and tenancy in common. When jointly owned ...
- Joint Tenants with Right of Survivorship (JTWROS) Definition ...
A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account's assets and are afforded survivorship ...
- Why Tenants in Common Have no Rights of Survivorship | Home ...
In tenancy in common, there is no right of survivorship. ... Under a joint tenancy with right of survivorship, when one owner dies, her interest in the property is ...
- What is Community Property with a Right of Survivorship? - FAQ ...
Community property with a right of survivorship vests the surviving spouse with outright ownership of the decedent's one-half community property interest just ...