Estate in Joint Tenancy Law and Legal Definition

Estate in joint tenancy is an estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives. It has the right of survivorship, which means the entire estate goes to the survivor (or in case of more than two joint tenants, to the survivors, and so on to the last survivor), free and exempt from all charges made by his/her deceased co-tenant or cotenants.