Legal Question in Real Estate Law in Florida
Joint tenants WROS
Does ''jt tenants WROS'' property go through Probate?
Ownership is parent/adult child. Total amount is less than Federal exemption. Does property go to the surviver tax free?
2 Answers from Attorneys
Re: Joint tenants WROS
yes
Re: Joint tenants WROS
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Property that is owned jointly as joint tenants with right of survivorship (JTWROS) passes outside of an estate to the surviving tenant upon the death of the other joint tenant. Accordingly, it does not transfer through probate which is not necessary.
Scott R. Jay, Esq.