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Carmen and Joumana are friends who bought a vacation condo together for $375,000 in New Mexico. Each one paid one-half of the purchase price. Carmen

Carmen and Joumana are friends who bought a vacation condo together for $375,000 in New Mexico. Each one paid one-half of the purchase price. Carmen wants her son to receive her share of the property when she dies and Joumana wants her two children to equally own her property interest at her death. How should the friends title the condo?

Question 6 options:

Revocable trust with the three children as equal beneficiaries

Tenancy in common

Community property

Joint tenancy with rights of survivorship

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