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Joint tenants with right of survivorship |
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Joint tenants with right of survivorship In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders. |
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? Mentioned in | ? References in periodicals archive | |
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One solution to this dilemma has been for couples to take title as joint tenants with right of survivorship, but then have an acknowledgment--usually inside a trust or will--stating their intention that the property remain a community" asset, regardless of the form of title. In Young, the decedent and his wife had owned real property as joint tenants with right of survivorship in a community property state. This created problems, especially if a purchaser of a residence was not aware that the decision to take title to the property as either joint tenants with right of survivorship or tenants by the entirety affected the ability to disclaim the property after the first joint tenant's death. |
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Joint tenants with right of survivorship