What is the primary benefit of joint tenancy ownership?

The primary benefit of joint tenancy ownership is the right of survivorship. This legal arrangement allows for a seamless transfer of property ownership to the surviving joint tenants upon the death of one of the owners. This means that if one owner passes away, their share of the property automatically goes to the remaining joint tenants without the property going through probate, which can be a lengthy and costly legal process. The right of survivorship simplifies the transfer of ownership and ensures that the property stays within the group of joint tenants.

The other options, while potentially relevant in different contexts, do not capture the essence of what makes joint tenancy unique. Tax deductions and shared maintenance costs may be benefits of property ownership in general, but they are not specific to joint tenancy. Similarly, while there is some level of protection from creditors depending on the circumstances, joint tenancy primarily stands out for its right of survivorship feature.