Quick Definition

Joint Tenants with Right of Survivorship (JTWROS) is a type of co-ownership of property where co-owners have equal shares and the survivor inherits any deceased co-owner's share automatically.

Examples

• 1Two spouses co-own their family home as JTWROS. If one spouse dies, the surviving spouse automatically becomes the sole owner of the home.
• 2Business partners own an office building as JTWROS. Upon the death of one partner, the remaining partners equally share the deceased partner's portion.
• 3Siblings inherit a vacation home from their parents and decide to hold the property as JTWROS to ensure smooth transfer of ownership upon any sibling's death.

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