Property OwnershipIntermediateAlaska Exam

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 propertyCorrect
CMust share ownership with the deceased sibling's estate
DMust refinance the property to establish sole ownership

Why Automatically becomes the sole owner of the entire property Is Correct

Answer B: Automatically becomes the sole owner of the entire property

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.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

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