Which of the following is(are) among the characteristics of joint ownership of property with right of survivorship?

I. At the death of one joint tenant, the survivor can have immediate access to a joint bank account.

II. All property held in joint tenancy WROS passes outside of probate.

III. Property held by spouses in joint tenancy WROS will receive a 50% basis step-up at the death of the first spouse.

Group of answer choices

I only

Both I and II

I, II and III

Both I and III