What happens to George's interest in a jointly owned property if he dies and there are no other co-owners?

When George dies and there are no other co-owners of a jointly owned property, the correct situation is that his interest in the property automatically passes to the surviving joint owner, Sarah, due to the right of survivorship that exists in joint tenancy. This principle allows the remaining owner to acquire the deceased’s share without the need for probate or transfer.

The concept of joint tenancy includes the right of survivorship as one of its key features, meaning that upon the death of one tenant, their interest directly transfers to the other joint tenant. This is fundamentally different from owning property as tenants in common, where a deceased's share would pass to their heirs rather than automatically to the surviving co-owner.

In contrast to this correct answer, escheat refers to the process where property reverts to the state when there are no legal heirs or claimants. Dower rights relate to the legal rights a spouse has in the deceased spouse's property, which are not applicable in a scenario involving joint tenancy without another co-owner. Similarly, while George's heirs may have rights to his other assets, they do not inherit the interest in property owned jointly with right of survivorship, as this interest bypasses the heirs and goes directly to the surviving joint owner.