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David, a recent widow, is considering transferring ownership in his house to his three children in joint tenancy. These children are also equal beneficiaries of
David, a recent widow, is considering transferring ownership in his house to his three children in joint tenancy. These children are also equal beneficiaries of his estate under his will. Which statements are true: i The house would be potentially subject to the kids' creditors ii Upon his death the children must pay taxes iii The house would transfer under his will to them equally iv Upon his death the house would be subject to probate fees
a. iii only
b. i, ii, and iv
c. i only
d. ii, iii and iv
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