Property Ownership
Minnesota abolished tenancy by the entirety for real property. How do married couples typically hold title to ensure survivorship rights?
ACommunity property
BJoint tenancy✓ Correct
CTenancy in common
DLife estate
Explanation
Minnesota does not recognize tenancy by the entirety for real property. Married couples who wish to hold title with survivorship rights typically use joint tenancy, which achieves the same survivorship result as tenancy by the entirety in other states.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Community PropertyIn community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
State-Specific Concepts
Community Property
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