Joint Tenancy with Right of Survivorship II
Continue your study of joint tenancy with a right of survivorship (JTWROS) with a discussion about severance, how it is accomplished, and the effects on the individual co-tenants.
Welcome to our clip on severance of a joint tenancy with right of survivorship. First, we’ll discuss how severance is accomplished, and then we’ll talk about the effect of severance on the interests of the joint tenants with right of survivorship. JTWROS, as used in this presentation, means either “joint tenants with right of survivorship” or “joint tenancy with right of survivorship, depending on the context.
I. How severance is accomplished
As we discussed in our last clip, severance occurs...