Property Ownership
Two siblings inherit a property in Alaska and take title as 'joint tenants with right of survivorship.' If one sibling dies, the other sibling:
AInherits only half of the property and the deceased's half passes through probate
BAutomatically becomes the sole owner of the entire property✓ Correct
CMust share ownership with the deceased sibling's estate
DMust refinance the property to establish sole ownership
Explanation
In joint tenancy with right of survivorship, when one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) outside of probate. This is one of the primary benefits of joint tenancy.
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