In tenancy in common, what happens to a deceased owner's share?

Study for the Washington Real Estate Fundamentals Rockwell Exam. Utilize flashcards, multiple choice questions with hints and explanations. Prepare thoroughly for your real estate career!

Multiple Choice

In tenancy in common, what happens to a deceased owner's share?

Explanation:
In tenancy in common there is no right of survivorship, so the deceased owner’s interest does not automatically pass to the other co-owners. Each co-owner holds a distinct, transferable interest that can be passed on by will or by state intestate succession. When someone dies, their share goes to their heirs or devisees, not to the surviving co-owners. The state would only take the interest if there are no heirs or devisees (escheat). A trust doesn’t automatically receive the share unless the deceased’s estate plan directs it or the trust is named as a beneficiary.

In tenancy in common there is no right of survivorship, so the deceased owner’s interest does not automatically pass to the other co-owners. Each co-owner holds a distinct, transferable interest that can be passed on by will or by state intestate succession. When someone dies, their share goes to their heirs or devisees, not to the surviving co-owners. The state would only take the interest if there are no heirs or devisees (escheat). A trust doesn’t automatically receive the share unless the deceased’s estate plan directs it or the trust is named as a beneficiary.

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