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Answered Question
Q
Max B
What does a "right of survivorship" mean?
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A
Answered by: Lawyer Up
 
A "right of survivorship" is the key aspect of a Joint Tenancy. Essentially, this right is the entire reason why someone would want a Joint Tenancy. It means that when property is owned jointly by two or more people, if one of the owners dies, his or her share gets absorbed by the remaining owners. So, if you own a house as joint tenants with your brother, and your brother dies, his "share" of the house doesn't go to his heirs... it goes to you, and it has nothing to do with his will or his estate... it goes to you because you have the right of survivorship.
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TAGS:  right of survivorship, joint tenancy
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