Answer :
Joint tenancy with the right of survivorship is a type of ownership where Joe and Susie buy a house together, with Susie inheriting Joe's share upon death.
Joint tenancy with the right of survivorship is a type of property ownership where multiple individuals, known as joint tenants, own equal shares of the property.
One of the key features of this ownership arrangement is the right of survivorship, which means that if one joint tenant passes away, their share automatically transfers to the surviving joint tenant(s) without the need for probate or a will.
In the given scenario, Joe and Susie purchased a house together before marriage.
As joint tenants with the right of survivorship, they both hold an equal ownership interest in the property. If Joe dies, Susie automatically becomes the sole owner of the entire property, inheriting Joe's share.
This transfer of ownership occurs by operation of law and does not require any specific provisions in Joe's will or the involvement of the probate process.
Joint tenancy with the right of survivorship is a common form of property ownership among spouses or individuals who want to ensure a smooth transfer of ownership to the surviving co-owner(s) upon death.
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