My best attempt to summarize the situation; Ohio property purchased as JTWROS by A, B, and C. A and B are married. C is adult child of A and B. Unfortunately, A suddenly passes, not leaving a will. Considering Ohio dower rights, what respective percentages of ownership do B and C now hold in the property?
-
1There was no hint of a request for legal advice in the body of the question, only in the title. As edited, this is a classic question about what the law is, and there is no reason to close it.– David SiegelJun 27, 2021 at 1:03
-
I agree with @DavidSiegel– Nike DattaniJun 27, 2021 at 23:51
1 Answer
Each party had a 33.3% interest in the real estate. When A dies, B gets A's share so has a 66.6% interest. Per Ohio intestate succession law and given that C is the child of A and B, B gets 100% of everything that is A's, see ORC 2105.06(B).
-
So C's 1/3 ownership as a member of the three member joint tenancy just goes "Poof"?– DJohnMJun 26, 2021 at 23:38
-
2@DJohnM No, C still owns 1/3. B gets all of A's share, not all of the property. So B now owns what were A & B's share, that is a 2/3rds interest in the property. Jun 27, 2021 at 1:18