Joint Tenancy Avoids Probate For Property Inheritance
The use of joint tenancy for property ownership can simplify inheritance by automatically transferring ownership to the surviving owner upon the death of one owner. This arrangement bypasses the need for probate proceedings, thus avoiding potential disputes.
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Sources · 7 independent
RTHK Radio 1 Cantonese
“如果真的发生任何事情，其中一个屋主的继承人去世了，如果是一种长名系，我们的法律术语叫做联权共有的一种庄园，那个庄园的权力会自动变成一个单人庄园，你就不需要做一个遗产认证的程序。”
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