da194706
Answered

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Under what type of ownership is the property considered owned 50-50 for estate tax purposes and passed automatically to your spouse at your death?
Question 20 options:

Tenants in common

Tenancy by the entirety

Joint tenants with the right of survivorship

Tenancy by default

Sagot :

Tundexi

The Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.

A joint tenancy is when there is concurrent ownership on the property where the tenant enjoys the right of survivorship.

  • The survivorship right means that when one of the co-owner dies, the right of the property will automatically pass to the surviving co-owners

Hence, the Option C is correct because the Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.

Read more about Joint tenants:

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