hillisaiah4305 hillisaiah4305

02-07-2021
Business

contestada

An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceased's heirs. The form of ownership they should use when they purchase the house is

Respuesta :

ayfat23 ayfat23

03-07-2021

Answer:

tenancy in common

Explanation:

From the question we are given an instance, whereby An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceased's heirs. The form of ownership they should use when they purchase the house is tenancy in common.

Tenancy in common can be regarded as an arrangement involving two or more people sharing ownership rights as regards a property or parcel of land. This property could be be a

residential property or commercial property . In a case, whereby a tenant in common dies, there would be passing over of the property to that tenant's estate. The control of total property by independent owner may be equal or different percentage of the total property. the tenancy in common partner can decide to leave the share he or she has in the property to any beneficiary as a part of their estate.

Answer Link

Otras preguntas

When canada dry first introduced wink soda in the 1960s, it used the slogan, "join the cola dropouts. " the purpose of this advertising campaign was most likely

what is the symbol for the following ion electronic structure: 1s22s22p63s23p63d104s24p64d105s2 with an atomic number of 50?

how did agriculture change the lives of early south american people? a. people competed over crops. b. people no longer needed to hunt. c. people became nomadic

the amount of income earned per each share of a company's outstanding common stock is known as: multiple choice question. book value per share earnings per shar

dr. hawley explained to her psychology students that the development of schizophrenia is kind of like a relay race. the first stage includes genetic predisposit

discuss the equilibrium that eventually results if a solid is placed in an initially evacuated closed container and is maintained at a given temperature

where would you find a kelp forest? group of answer choices in a salt marsh in a silty coastal area in an estuary along a continental shelf in a coral reef

suppose that 8% of the patients tested in a clinic are infected with hiv. furthermore, suppose that when a blood test for hiv is given, 94% of the patients infe

how does the protein encoded by the ras oncogene differ from the protein encoded by the normal ras gene?

sean wants to test a hypothesis according to which the mean amount of sales dollars per employee will vary between three store locations: the oak ridge, oak woo