Property Ownership

In Idaho, what is 'joint tenancy with right of survivorship' and what must be present to create it?

AAny co-ownership between family members
BA form of co-ownership where, upon one owner's death, their share passes automatically to the surviving owners; requires the four unities: time, title, interest, and possession✓ Correct
COwnership by a corporation with shareholders
DA tenancy requiring equal shares only

Explanation

Joint tenancy with right of survivorship requires the four unities: Time (acquired simultaneously), Title (same deed), Interest (equal shares), and Possession (equal right to possess). Upon a joint tenant's death, their share passes automatically to surviving joint tenants — outside of probate. In Idaho, the deed must expressly state 'joint tenancy' to create it.

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