Right of Survivorship
By Schonauer Law
on Aug 01, 2016 at 10:09 AM in What Does it Mean
Right of Survivorship
When title to property is held jointly by two or more persons, a Right of Survivorship means property will pass to surviving parties on title if a party on title should die. No probate will be necessary to make the transfer. A Right of Survivorship exists when parties hold title as Joint Tenants or when spouses hold title as Community Property with Right of Survivorship.