Under ________,ownership passes directly on to the surviving owner or owners,bypassing the will.With ________,when one spouse dies assets become part of the deceased's estate and are distributed through the will.

Question

Quizplus · Accepted Answer

Joint tenancy with the right of survivorship is a form of ownership where ownership passes directly to the surviving owner(s) upon the death of one owner, bypassing the will. Tenancy in common, on the other hand, is a form of ownership where each owner has a separate share of the property and can dispose of their share by will. Community property and tenancy by the entirety are forms of ownership that apply to married couples and are not relevant to the question.

Under ________,Ownership Passes Directly on to the Surviving Owner or Owners,bypassing