Thomas and Joyce Williams live in San Francisco, Californiaa community property state. They consider themselves native San
Question:
Thomas and Joyce Williams live in San Francisco, California—a community property state. They consider themselves native San Franciscans, having lived their entire lives in the city. This is a second marriage for each of them. After they married, they purchased a condominium in the Marina district. It is registered solely in Joyce’s name. Based on the information presented, what will happen at Joyce’s death if Thomas survives her?
A. Joyce’s children will inherit the condominium.
B. Joyce’s half of the condominium will pass through her will.
C. The entire condominium will pass through Joyce’s will.
D. Tom will inherit the condominium through rights of survivorship.
Step by Step Answer:
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery