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3 Cards in this Set
- Front
- Back
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RIGHT OF SURVIVORSHIP |
UPON THE DEATH OF A JOINT TENANT, THE DECEASEDS INTEREST TRANSFERS DIRECTLY TO THE SURVIVING JOINT TENANT OR TENANTS. |
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TENANCY BY THE ENTIRETY |
TENANCY BY THE ENTIRETY IS A SPECIAL FORM OF CO-OWNERSHIP USED IN SOME STATES THAT ALLOWS A HUSBAND OR WIFE TO INHERIT THE OTHER SPOUSES OWNERSHIP INTEREST UPON DEATH. |
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IN ADDITION TO THE DEATH OF ONE SPOUSE, A TENDENCY BY THE ENTIRETY MAY BE TERMINATED BY. |
1# an agreement between both parties (through the execution of a deed)2# A divorce ( which leaves the parties as TENANTS in common) 3# A COURT-orderes sale of the property to satisfy a judgment against the SPOUSES as JOINT (THE TENANCY is dissolved to that the property can be sold to pay the judgment. |
