Property Ownership
In South Dakota, when real property is held in joint tenancy and one co-owner dies, the deceased's interest:
APasses to the deceased's heirs through probate
BPasses equally to remaining joint tenants by right of survivorship✓ Correct
CIs held in trust until all joint tenants die
DMust be purchased by the remaining joint tenants at fair market value
Explanation
Joint tenancy includes the right of survivorship. When a joint tenant dies in South Dakota, their interest automatically passes to the surviving joint tenants without going through probate, which is a key benefit of joint tenancy ownership.
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