FACT SCENARIO/QUESTION SET #3:

Fact Scenario: Sisters Bianca and Jade co-own a large luxury single family residence in the Doheny Estates area of Los Angeles, with their father, Mick. These three family members hold title to this property as joint tenants with right of survivorship.

Without considering Bianca or Jade and their interests in the Doheny Estates property, Mick wills his joint tenancy interest in the Doheny Estates property to his son, James.

Question Set: If Mick now dies suddenly, what interest does each person (i.e., Bianca, Jade, James) have in the Doheny Estates property? What is the nature of each persons ownership after Micks death? Answer fully by identifying the percentage of ownership each person has, the nature of that ownership (e.g., joint tenancy, tenancy in common, community property), and the legal basis/explanation for your conclusions.