Michael and Jennifer own their principal residence as joint tenants. If Michael passes away, what happens to his interest in the property?

Question: Michael and Jennifer own their principal residence as joint tenants. If Michael passes away, what happens to his interest in the property?

Answer options: ✅ His interest automatically transfers to Jennifer due to the right of survivorship, bypassing his will and estate.

• His interest is distributed according to his will, subject to probate.
• His interest is split equally between Jennifer and his children.
• The property is frozen until a court determines its disposition.

Correct answer: His interest automatically transfers to Jennifer due to the right of survivorship, bypassing his will and estate.

Explanation: Joint tenancy is characterized by the right of survivorship, meaning that upon the death of one joint tenant, their interest in the property automatically passes to the surviving joint tenant(s), regardless of any provisions in a will or the rules of intestacy, thereby bypassing probate.