Survivorship Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Survivorship, written in plain English, along with examples of how it is used.
What is Survivorship?
1\. The automatic transfer of the title or the ownership of property or asset in case of death or non-existence of the other person in joint tenancy. 2. The situation where joint holdings of assets or joint tenacy of real estates, when one co-owner outlives the the other(or one owner ceases to live), the title,right or the ownership of that real estate or assets ( like bank account) is transferred to the existing co-owner or survivor of the joint tenacy.