Property Ownership
Which form of real property ownership provides automatic transfer to a survivor upon death and is typically used by two or more persons who want to avoid probate?
ATenancy in common
BJoint tenancy with right of survivorship✓ Correct
CTenancy at will
DPeriodic tenancy
Explanation
Joint tenancy with right of survivorship automatically transfers the deceased owner's interest to the surviving joint tenant(s) without probate. This is one of the primary reasons individuals choose joint tenancy.
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