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Antwan consults a CFP professional for advice concerning a fishing cabin he plans to purchase with his brother. Antwan and his brother want to share
Antwan consults a CFP professional for advice concerning a fishing cabin he plans to purchase with his brother. Antwan and his brother want to share ownership of the cabin, but they are unsure whether they should take title as tenants in common or as JTWROS. Which of the following information should the CFP professional obtain before making a recommendation to Antwan?
I. How much each brother plans to contribute toward the purchase price of the cabin
II Whether Antwan wants to pass his interest in the cabin under his will when he dies
A
Both I and II
B
I only
C
II only
D
Neither I nor II
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