Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Karen and William own a condominium as joint tenants. They purchased the property for $500,000 with William contributing $350,000 and Karen contributing $150,000. What statement is correct?

a. If William elects to sell his interest in the condo to his brother, he does not need Karen's consent to do so.
b. If Karen were to die, her ownership interest in the condo will form part of her estate.
c. Karen and William each have 50% ownership interest in the condo.
d. If Karen were to die, she could bequeath her interest in the condo to her 35-year-old son Craig on a deferred basis.

Sagot :

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.