What happens when a joint owner of real estate dies?
Question Details: My wife and I bought a house with her mother. If my mother-in-law dies, does her portion automatically come to us? We are concerned because my wife has a brother and we don't want to lose our house.
Upon your mother-in-law's death, you and your wife will be the owners of the house because joint tenants have a right of survivorship. This means the surviving joint tenants are the owners of the house upon the death of the other joint tenant.
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