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A mother and son can lawfully hold real property in a Joint Tenancy with Right of Survivorship. The surviving tenant gets the fee simple by operation of law, outside of probate.
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What is the difference between negative work and zero work and positive work done?
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If a property is owned by the daughter and the deceased mother is that considered the deceased estate?
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If ownership of personal property is set up properly then the surviving co-owner will be the sole owner upon the death of the other party. Bank accounts that are set up as joint accountswill become the sole property of the survivor. Your bank will advise you regarding the requirements in your state.Ownership of a motor vehicle can be set with right of survivorship. The method varies from state to state and you must check with your state department of Motor Vehicles to determine how it is done in your state. In some states you only need to apply for the Certificate of Title in two names using "or". For example, "Marianne McCarthy or James Kennedy" with both parties signing the application. In other states the Certificate of Title must add the words, "as joint tenants with the right of survivorship".
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