If it means the property transfers upon death of one owner to the living owner, does a will
of the deceased still have claim to the property?
Thank you very much,
It means the property passes immediately upon death to the surviving owner. It is called a non-probate transfer (much like a beneficiary designation or payable on death account) and that means the will, if any, does not apply to that particular asset (property).
This is not legal advice nor intended to create an attorney-client relationship. The information provided here is informational in nature only. This attorney may not be licensed in the jurisdiction which you have a question about so the answer could be only general in nature.
Passes upon death--may want to consult with an attorney--check Avvo for a listing of attorneys.
*This information should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
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