Cassey wished to convey a 40-acre tract of land to his two children, George and Martha, so each would own the property equally a

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3 years ago

5

Cassey wished to convey a 40-acre tract of land to his two children, George and Martha, so each would own the property equally a

nd be free to transfer their interest to anyone they wished during life or at death. What form of joint ownership should Cassey choose?a. joint tenancy
b. community property
c. tenancy in common
d. tenancy by the entirety

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1 answer:

drek231 [11] · Answer 1 · 2022-06-22T00:03:27+03:00

Answer: Option C

Explanation: Tenancy in popular is an agreement in which two or even more individuals share rights of ownership in an estate or land parcel. The property may be a private residential property.

When a tenant dies in common, the property is transferred to the property of that tenant. An equivalent or distinct proportion of the total estate can be controlled by each active owner.

Furthermore, the shared partner tenancy has the option to leave its share of the estate as a portion of its estate to any beneficiaries. In the transaction, title, or other legally enforceable property ownership records, the terms of the contract for prevalent tenants are outlined.