Asked by
Brandi Ashley
on Nov 28, 2024
Verified
When a joint tenant dies, his or her interest in the property passes to his or her chosen heirs.
Joint Tenant
An individual co-owning property with one or more persons, where each owns an equal share, and upon death, the interest passes to the surviving co-owners.
Chosen Heirs
Individuals or entities designated to receive inheritance under a will or through state intestacy laws in the absence of a will.
- Gain insight into the notion of property rights and interests, covering different forms of ownership and tenancy arrangements.
Verified Answer
MM
Learning Objectives
- Gain insight into the notion of property rights and interests, covering different forms of ownership and tenancy arrangements.