Property Ownership
In Colorado, when property is held in joint tenancy, the right of survivorship means:
AA. The heirs of the deceased owner receive their share of the property
BB. The surviving joint tenant(s) automatically receive the deceased's interest✓ Correct
CC. The property must go through probate
DD. The property reverts to the state
Explanation
Joint tenancy includes the right of survivorship: when one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) without probate. This distinguishes joint tenancy from tenancy in common, where each owner's share passes through their estate.
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