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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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Dkk
1:17
@cheriebomb: maybe though. Maybe that is true but you shouldn't be saying that to people if you want them to date you.
1:17
Why are women always moving to London? There’s nothing good there
1:17
I’m just being transparent
1:17
The heart indicates that it’s a good thing
Dkk
1:18
Okay sounds good. Yeah my cousin moved to London. Nothing there for him after 6 years and he moved back to New York.
Dkk
1:19
Great to visit, not great to stay imo.
1:19
London sucks and cyncial’s fake ginger is probably regretting it right now
1:19
So dark and rainy and I hate the way they talk
1:19
And their sense of humor
CynicalOops
1:19
Shes was from london so im not sure
CynicalOops
1:21
Dkk i do appreciate your transparency i really understand you better
Dkk
1:21
Europe seems off to me in general. I met a lot of weird europeans in Crypto.
1:21
Oh maybe not then. But that’s your fault for dating a girl from London in the first place
Dkk
1:21
@CynicalOops: lol maybe maybe
1:23
I always understood Dk like we developed in the womb together so this is not new to me
Dkk
1:28
Mhhh maybe
Dkk
1:29
Do I understand you?
CynicalOops
1:46
Si señor yo entiendo
Dkk
2:07
Bueno lol
Dkk
2:07
Jajajaja
CynicalOops
2:08
Latina milfs are on high alert tonight
Dkk
2:51
As they should be. Nah I aint doing shit till January. Holidays I never go out drinking and eating. Gotta take advantage of the fact you can get 5.5 lbs of mussels for $20 at costco rn.
so fuckin cold
my laptop feels like an icecube
shaquilleoatmeal
10:47
it was 8 degrees this morning when I went for a walk, up at 14 now but ive been waitin for this weather all year
shaquilleoatmeal
10:48
also wtf dkk? you say some pretty outta pocket shit sometimes that no one calls you out for
windyMagician
10:52
I think he gets away from it by being an oldhead
windyMagician
10:52
*with not from
shaquilleoatmeal
10:55
nah bulb and i don't say anythin that wild and we're considered oldheads
10:57
yeah but he’s the racist kind of old head and you’re not
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