Elizabeth and Enzo own a town house as joint tenants. They purchased the property for $300,000 with Enzo contributing $200,000 and Elizabeth contributing $100,000. What statement is correct?

• If Elizabeth were to die, she could bequeath her interest in the town house to her son, Ronaldo.
• If Enzo elects to sell his interest in the town house to his brother, he can do so without obtaining Elizabeth's consent.
• If Elizabeth were to die, her interest in the town house would not be subject to probate fees.
• By default, it is assumed that Elizabeth's ownership interest in the town house is 1/3 and Enzo's ownership is 2/3.