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.