Question
8. True or False: Assets that are titled jointly with rights of survivorship between spouses are deemed one-half belonging to each spouse. At death, assets
8. True or False: Assets that are titled jointly with rights of survivorship between spouses are deemed one-half belonging to each spouse. At death, assets titled as tenants by the entirety will be subject to probate. 9 10. Solely owned assets can be gifted or bequeathed during the owner's lifetime. 11. Income earned by an individually owned asset in a community property state is deemed one-half owned by each spouse. 12. In a quasi community property state, an asset that is acquired by inheritance following the marriage will be considered a community asset. 13. The full value of a community property asset that is titled in individual name will be included in the decedent-owner's estate at death. 14. Assets that are titled tenants in common automatically pass to the other joint tenants. 15. John lists the beneficiary of his life insurance policy as "my estate". The life insurance proceeds will be subject to probate I
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