This topic contains a solution. Click here to go to the answer

Author Question: Joint tenancy property is called a non-probate asset because the property automatically passes to ... (Read 104 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567

Question 1

With a joint tenancy, if Tina, Todd, and Ted each own 1/3 share of a lake house with a right of survivorship, and suddenly Todd dies. What portion does each, both Tina and Ted, now immediately own?


◦ 1/4
◦ 1/2
◦ All of it
◦ 1/3

Question 2

Joint tenancy property is called a non-probate asset because the property automatically passes to the survivor(s) as a:


◦ Matter of federal court
◦ Matter of probate court
◦ Matter of law
◦ Matter of the will


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Starlight on Feb 28, 2019

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly




Starlight

  • Member
  • Posts: 567
Reply 2 on: Feb 28, 2019
Gracias!


dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

For a complete list of videos, visit our video library