Which form of co-ownership of property includes survivorship rights among married couples?

Which form of co-ownership of property includes survivorship rights among married couples?

• A. Joint Tenancy
• B. Tenancy in Common
• C. Tenancy by the Entirety
• D. Community Property

Answer: (C)

Survivorship means the dying owner’s interest passes automatically to the other owner without going through probate. Tenancy by the entirety is the form designed for married couples that includes this right of survivorship. It treats the couple as a single unit, so neither spouse can convey their interest alone and, on one spouse’s death, the surviving spouse becomes the full owner. While joint tenancy also features survivorship, it isn’t limited to married couples, which is why tenancy by the entirety is the best match for a married couple. Tenancy in common has no right of survivorship, and community property isn’t the standard form of ownership used in New Jersey.

Survivorship means the dying owner’s interest passes automatically to the other owner without going through probate. Tenancy by the entirety is the form designed for married couples that includes this right of survivorship. It treats the couple as a single unit, so neither spouse can convey their interest alone and, on one spouse’s death, the surviving spouse becomes the full owner. While joint tenancy also features survivorship, it isn’t limited to married couples, which is why tenancy by the entirety is the best match for a married couple. Tenancy in common has no right of survivorship, and community property isn’t the standard form of ownership used in New Jersey.