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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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goofy-goober
15:36
I just wanna see my results man, waiting is so painful :~(
any word on scalia or any school lol
oakenrays
15:52
scalia is dead fortunately
oakenrays
15:52
law schools are coming out slowly but surely
HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
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