right of survivorship


Ownership of property by two or more people in which the survivors automatically gain ownership of a decedent's interest. In the case of more than one survivor, the decendent's share is divided among the survivors. In addition, each owner can sell or gift his/her share as he/she wants, without the other owners' permission.

Use this term in a sentence

You may find yourself in a position of right of survivorship and will suddenly be the main man quicker than you thought.

​ Was this Helpful? YES  NO 10 people found this helpful.

When it was determined that James had wives in three separate states, the right of survivorship for his business and houses became a muddy issue, to say the least.

​ Was this Helpful? YES  NO 4 people found this helpful.

If you are attempting to ease the difficulty of your final wishes you may invoke a right of survivorship clause to mitigate confusion and establish a smooth transition for your assets.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
tenancy by the entirety tenancy in common