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LSDefine

Simple English definitions for legal terms

community property with right of survivorship

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A quick definition of community property with right of survivorship:

Community property with right of survivorship is an agreement between married couples where, if one spouse dies, the other automatically becomes the owner of the property they jointly owned. This means that the property doesn't have to go through a legal process called probate. For example, if a married couple owns a house together and one spouse dies, the other spouse will become the sole owner of the house.

A more thorough explanation:

Community property with the right of survivorship is an agreement between spouses where, upon the death of one spouse, ownership of the jointly owned property automatically passes to the surviving spouse. This means that the property or asset does not have to go through probate, which can be a lengthy and expensive process.

Let's say a married couple owns a house in a community property state. Each spouse owns half of the house. If one spouse were to pass away, the surviving spouse would automatically inherit the deceased spouse's half of the house. This means that the surviving spouse would then own the entire house without having to go through probate.

Another example could be a joint bank account. If a married couple has a joint bank account with right of survivorship, and one spouse passes away, the surviving spouse would automatically inherit the entire account without having to go through probate.

These examples illustrate how community property with right of survivorship can simplify the transfer of assets after a spouse's death and avoid the need for probate.

community property | community service

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[] baddestbunny
20:54
subtly implying that I am the best and therefore asserting my dominance
20:54
lol
Has anyone been accepted into Campbell yet and if so, how long did it take?
21:48
@bunny I got no business at Yale.
21:54
https://www.youtube.com/watch?v=v9gS3R6SpK8 [warning, do not watch if Fordham is your #1 choice]
21:58
I wouldnt go to yale only if i got into hls or uchic
i would take michigan darrow over yale tbh
[] baddestbunny
22:25
I can't imagine picking hls over yale assuming equal cost of attendance
[] baddestbunny
22:27
that class size is just so damn big
[] baddestbunny
22:27
@windyMagician: I feel that way but about nyu rtk
22:37
Class size = alumni connections, id love a large network
22:38
Darrow is pretty good too
i just want to be a pd and vibe, no need for fanciness
[] baddestbunny
23:08
friend sent me this
23:16
casual 177
letsseehowitgoesnow
23:47
same @windy
letsseehowitgoesnow
23:47
i just wanna wear a cool suit with my boots and defend
4:06
I’m this close to paying a tarot reader on Etsy to help decide between two schools
4:07
man, 5 hours and 53 minutes from now
4:08
LSAT score?
4:10
in 5 hours and 50 mins. You can roast me after that for not being 170+
4:13
@Bunny I love his username. Iloveyoumc, guy wants to fuck an MC hard. Love it.
4:14
Don’t be hard on yourself, I felt worse about June than April yet jumped up significantly
4:14
Put on some feel-good rock music as you sign in and view your score
4:16
I will do so. It will be stones if you consider that rock but it will be feel good.
4:17
Man this Fordham law video is sad @llama I hope they arent real students.
7:07
Yeah I'd stay Stones is pretty rock, they certainly went in that direction in the 70s
7:10
They started out mod/pop then took a lot of drugs and made some great experimental records, after that they opted for a barebones loud, hard rock sound
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