Escrow & Title
In Oklahoma, a survivorship deed conveys property to multiple grantees with a right of survivorship clause. The primary benefit is:
AThe property avoids property taxes
BUpon the death of one co-owner, their share passes automatically to the surviving co-owners without going through probate✓ Correct
CThe property is protected from creditors
DThe deed is automatically recorded without filing fees
Explanation
A survivorship deed (creating joint tenancy or tenancy by the entirety) allows property to pass automatically to survivors without probate. This simplifies estate administration and reduces delays and costs associated with probating the deceased owner's interest.
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