How does a survivorship deed differ from a standard deed?

A survivorship deed, also known as a joint tenancy deed with the right of survivorship, is particularly designed to automatically transfer ownership of property to the surviving co-owner(s) upon the death of one owner. This feature is what differentiates it from a standard deed, which does not include such provisions. In a standard deed, the ownership interest of a deceased owner does not automatically pass to the surviving owners; instead, it would need to be probated, potentially complicating the process and leading to delays in transferring ownership.

The survivorship aspect ensures that the property can seamlessly transition to the remaining co-owners without the need for legal intervention or probate. As a result, this deed type is especially favored by individuals looking to avoid the probate process and maintain continuity of ownership within families or partnerships.