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They decided to hold the house in joint tenancy so that if one owner died, their share would pass automatically to the surviving owners without probate.
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They decided to hold the house in joint tenancy so that if one owner died, their share would pass automatically to the surviving owners without probate.
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Related words
joint tenancy
Noun
Japanese Meaning
（法）複数の個人が共同で所有する形態。所有者のうちの一人が死亡した場合、その所有持分が自動的に他の存命所有者に移転し、遺産の検認手続きが不要となる。
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