Real estate may be owned by two or more persons in survivorship form so that upon the death of any one of them the title of the deceased person would pass to the survivor or survivors. Title may be transferred without court proceedings by filing an affidavit and death certificate with the County Auditor and Recorder.

Virginia is one of the few states that allows a special type of tenancy between husband and wife known as "tenants by the entireties." Property owned in this manner will have immunity from the claims of separate creditors and upon the death of one of the owners, all of his or her interest in the property is transferred immediately to the surviving owner.

Like many popular indices commonly used in other markets, Survivorship Bias results from the disappearance or elimination of failed funds. If these funds are not included in an index, the index is upwawrdly biased by the lack of that data since the index only includes funds that have survived. Yes, HedgeFund.net indices have a survivorship bias. If a fund is shut down for whatever reason, it is removed from the HFN indices. HedgeFund.net does not try to correct Survivorship bias.

Joint and survivorship property is property held by two or more persons jointly; each party has equal rights of possession and income. On the death of one joint tenant, his interest transfer to the benefit of the survivor or the survivors in equal shares, without court proceedings. One joint tenant can sever the joint tenancy by conveying his interest to a third party. Joint and survivorship ownership may be useful in certain situations.

Survivorship Bias is a term used to describe the inflated returns of hedge fund indices (produced by HedgeFund.net and others). More specifically, the term refers to funds that have "blown up" or simply gone out of business. If these funds are not included in an index, the index is biased by the lack of that data; the index only includes funds that have survived. Yes, HedgeFund.net indices tend to have a survivorship bias. Hedgefund.net does make some efforts to avoid survivorship bias.

The placing of a savings account, shares of corporate stock, bonds, or real estate 'in survivorship' with another means that each of the named parties has an undivided equal interest in the monies, stocks, bonds, or real estate during their joint lives. This form of ownership grants to the joint owner(s) who survives, ownership of all of the monies, stocks, bonds, or real estate immediately upon the death of the joint owner.

individual life insurance policy is written on the life of one person, while a survivorship life insurance contract is a single policy written on the lives of two people. Death benefits from a survivorship life insurance contract are paid to a designated beneficiary ? usually an irrevocable trust ? after both insured's are deceased.

Many people have become aware of the problems associated with probate and assume they can totally avoid probate by retitling all their assets to read "joint tenancy with right of survivorship" (JTWROS). This can create many unintended and negative consequences. JTWROS is a form of ownership in which two or more people own 100 percent of the same asset. The right of survivorship feature of joint tenancy means that the last joint tenant to die owns the entire asset.

A Trust is better than a survivorship feature for many reasons. First, in most cases, it is unwise to create a joint tenancy with your children. Furthermore, you are more likely to get a full step up in cost basis thru a trust whereas you may only get a half step up in basis with a survivorship feature.

Consider using what the authors call "QDRO Express." If you represent a client whose spouse is covered under a defined benefit pension plan or a defined contribution plan, such as a profit- sharing or 401(k) plan, it is possible to submit an abbreviated QDRO immediately to the plan administrator for the sole purpose of securing your client's rights to survivorship benefits in the event of the premature death of the plan participant.

Per Stirpes is a Latin phrase meaning, "per branch." It is incorporated into Last Will & Testaments and estate planning as an instruction to pay an equal share of an estate to each "branch" of the testator's family.