Joint Tenancy with Right of Survivorship

• Available for single as well as married persons.

• Available to more than two joint tenants.

• Upon the death of any joint tenant, the decedent's interest passes to the remaining join tenant(s) without need for probate.

Community Property

• Available for married couples only.

• Both of the spouses are required to convey or encumber.

• Decedent's share of the estate will be subject to probate.

Community Property With Right of Survivorship

• Combines the advantages of Joint Tenancy with Right of Survivorship and Community Property for married couples.

• Does not require probate upon death of one of the spouses in the estate, it passes to the surviving spouse.

Tenancy in Common

• Allows more control of individual interests in the property.

• Each tenant holds an undivided fractional interest, which may be disproportionate.

• Available for all persons.

• Allows each tenant to convey their interest in the property without destroying the estate.

• Upon death the decedent's share will be subject to probate.