What happens to a house when a co-owner dies?
Channel: Modern Estate Planning by Scriber Law Group, LLC
Date: 28/10/2020

If you and your sibling co-own a house, what happens to it when one of you dies? 

There's multiple ways to share ownership of a property. The most common ones are Tenants in Common and Joint Ownership with Right of Survivorship. 

In the first case, the share of the property goes to the beneficiaries of the deceased estate, which would usually be their children, who would now co-own the house with the surviving owner.

In the second case, the full share of the property is transferred to the surviving members, until the last survivor gets the full house.

Learn more about it in today's episode!!