Alberta Real Estate Licensing Exam Practice · Question
Sarah and Michael, a married couple, purchased a property in Canmore, Alberta, taking ownership as joint tenants. Sarah recently passed away. What is the immediate effect on the ownership of the property?
In a joint tenancy, there is a right of survivorship, meaning that upon the death of one joint tenant, their interest automatically passes to the surviving join
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Question: Sarah and Michael, a married couple, purchased a property in Canmore, Alberta, taking ownership as joint tenants. Sarah recently passed away. What is the immediate effect on the ownership of the property?
Answer options: ✅ Sarah's interest automatically transfers to Michael, making him the sole owner.
- Sarah's interest becomes part of her estate and will be distributed according to her will or intestacy laws.
- The property must be sold, and the proceeds divided between Michael and Sarah's estate.
- Michael automatically becomes a tenant in common with Sarah's estate.
Correct answer: Sarah's interest automatically transfers to Michael, making him the sole owner.
Explanation: In a joint tenancy, there is a right of survivorship, meaning that upon the death of one joint tenant, their interest automatically passes to the surviving joint tenant(s) without needing to go through probate.
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