Property Ownership
Under Kentucky law, a deed that conveys property 'to John and Mary Smith as joint tenants with right of survivorship' creates:
AA tenancy in common with equal shares
BA joint tenancy that can be severed by either party✓ Correct
CA tenancy by the entirety reserved for married couples
DA life estate for both parties
Explanation
In Kentucky, a joint tenancy with right of survivorship is valid when clearly expressed in the deed. Either joint tenant can unilaterally sever the tenancy by conveying their interest, converting it to a tenancy in common.
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