Joint Tenancy

Learn about joint tenancy property ownership, including rights of survivorship and how it affects estate planning. Discover key features and considerations.

How does joint tenancy avoid probate?

Joint tenancy includes rights of survivorship, meaning when one owner dies, their share automatically transfers to the surviving owners without going through probate court. This automatic transfer happens by operation of law, bypassing the lengthy and costly probate process. The surviving owners simply need to provide a death certificate to update property records and gain full ownership rights.