Community property with right of survivorship

{
  "id": "MLC-T-LAW-001109",
  "term": "Community property with right of survivorship",
  "field": "Law",
  "definition": "A form of property ownership in certain states where married couples hold assets equally, and upon the death of one spouse, the deceased's share automatically transfers to the surviving spouse without the need for probate. This arrangement combines aspects of community property and joint tenancy. It is a specific designation that must be elected by the spouses and recorded on the property deed.",
  "url": "https://mlchart.com/terminology/law/community-property-with-right-of-survivorship/"
}