Dennis appointed his good friend Richard to be the trustee of the trust. How is Richards ownership classified? a. Richard holds a life estate over the property. b. Richard holds the legal title to the property. c. Richard holds the equitable title to the property. d. Richard does not hold an interest in the property. A tenancy by the entirety is a property titling regime that exists between? a. Spouses only. b. Spouses or between parents and adult children. c. Any members of the same family. d. Any two individuals. 10. Four people own one piece of property. Which of the following forms of property ownership titling of those listed must they use? a. Life estate. b. Tenancy by the entirety. c. Community property. d. Tenancy in common.