9. Under what circumstances would property be subject to ancillary probate?

a. If the decedent is a resident of one state and owns real property in another state.

b. If the decedent is a tenant in common with an unrelated person.

c. If the decedent was a resident of a community property state.

d. If the decedent owns a life estate in real property located in a state other than his state of

residence.

10.Laurie and Chance are considering purchasing a piece of land on which they plan to build a vacation

home. Laurie and Chance are engaged to be married and are unsure of how they should title the

property. Which of the following statements is correct regarding their ownership and titling of the

land?

a. Laurie and Chance cannot own the property as joint tenants because joint tenancies may only be

established between married parties.

b. If Laurie and Chance were married and owned the property as a joint tenancy between spouses,

one-half of the value of the property will be included in the probate estate of the first spouse to

die without regard to the actual contribution of each spouse.

c. If the property is held as a joint tenancy, then Laurie and Chance will each own the same

fractional share in the property regardless of how much they contribute.

d. If the property is held as a joint tenancy and Chance dies first, the property will pass to Laurie

unless Chances will directs a different disposition.

11.Rosie and her brother Michael decided recently to purchase an RV together. They both want to use the

RV to take their families camping. The price for the RV was $10,000. Since Michael expects to use

the RV 60% of the time and Rosie 40% of the time, Michael contributed $6,000 and Rosie contributed

$4,000. Their ownership percentage equals their contribution percentage. Which type of property

titling must the RV be to reflect their ownership interest?

a. Sole Ownership.

b. JTWROS.

c. Tenancy in Common.

d. Tenancy by the Entirety.

e. Community Property.

12.Kate and her brother Rustin own a piece of property in Dallas as tenants in common valued at $50,000.

Kate owns a 75% interest and Rustin owns a 25% interest. During Mardi Gras, Rustin went down to

New Orleans and decided he loved it there. The next week he purchased a house on St. Charles Avenue

right across from the Mardi Gras parade route. Unfortunately, Rustin did not get an appraisal and

learned later that he significantly overpaid for the property. In addition, the home was much too

expensive for Rustin and shortly after the purchase Rustin defaulted on the loan. Even after the bank

seized the home, there was a $50,000 debt remaining. Assuming the bank received a default judgment

against Rustin and could seize the Dallas property, what portion of the property could be seized to

satisfy Rustin's debt?

a. 0%.

b. 25%.

c. 50%.

d. 100%.

13.True or False: If a person dies without a will, a probate court will appoint an executor when the probate process is initiated.