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28 June, 22:24

Mary, Donna, and Meg have a statutory survivorship tenant in a vacation home. Mary and Meg are killed in a car accident. What is Donna's interest in the property?

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  1. 28 June, 22:26
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    Answer:Donna gets the transferred ownership as being tenant

    Explanation:

    Statutory survivorship tenant is the ownership of the property that is owned by joint tenants in terms of survivorship. In this case, the surviving tenant that remains alive after any kind of accident or misshaping gains the ownership of that property through transfer.

    According to the situation described in question, Mary, Dona and Meg are involved in statutory survivorship tenant agreement. As Meg and Mary met with the accident and get killed. Thus, the property of vacation home will get transferred to Donna as she will have the ownership after death of both tenant partners.
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