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The right of survivorship provides that if a joint tenant dies, the remainder of the property is transferred to the survivors. If sole survivor did not contribute to purchase price and had no income from property, then FMV on date of death of deceased joint tenant.— A surviving member inherits the total value of the other member's share of property upon the death of that other member. Real property an affidavit of death of joint tenant must be. Upon the death of one tenant in common, there is no right of survivorship among the other tenants in common.
For example, upon the death of the spouse/partner, the surviving spouse/partner does not possess a right of survivorship. Upon the death of an executor or trustee, there is only a right of survivorship with respect to all the assets of the estate, even though such estate includes the other tenant in common. In such cases, a trustee or executor is not liable for any additional transfer to, or interest in, any of the tenants that would not be attributable to any of the other surviving tenants in common. However, it does not necessarily follow that the trustee or executor, even if he or she is the sole surviving tenant, is entitled to the whole of the property of the deceased joint tenant. An express determination or agreement by parties which satisfies the requirements for transfer of property by reason of death is not binding on subsequent purchasers or owners of property.
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