Survivorship Right of

An element of property title ownership that affects how assets are handled when a co-owner is deceased. When there is a right of survivorship on a property ownership, if one co-owner dies, the ownership share of that deceased co-owner is given to the surviving co-owner(s). This option applies to the ownership form normally referred to as "joint ownership with right of survivorship." For more information, see the "Spousal and Co-ownership Rights" article in the "Real Estate In-Depth" section.

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Real Estate 101

Real Estate 101

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