Jump to content

Right of survivorship

From Simple English Wikipedia, the free encyclopedia

The right of survivorship is a right attached to an asset such as a home or a bank account which is jointly owned. When one of the owners dies, the surviving owner(s) get the asset. The asset is then excluded from the estate. In other words, it is not part of the will of the person who died. It becomes the property of the surviving owner(s).[1]


[change | change source]
  1. "Right of Survivorship".