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Assume that a married couple owns property titled JTWROS in a common law jurisdiction. How much will be included in the first person-to-die's estate, and
Assume that a married couple owns property titled JTWROS in a common law jurisdiction. How much will be included in the first person-to-die's estate, and how much will be included in the surviving spouse's estate? Assume no changes are made.
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50% and 50%, respectively
50% and 100%, respectively
It depends on the amount contributed by the first decedent, and 100% at the death of the surviving spouse
100% and 100%, respectively
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