Question
Harry and Hannah own 1,000 shares of AI Inc. in a brokerage account that is titled Harry and Hannah, tenancy-in-common. Explain how the assets would
Harry and Hannah own 1,000 shares of AI Inc. in a brokerage account that is titled "Harry and Hannah, tenancy-in-common". Explain how the assets would be handled if Harry passed away. Would these scenarios be different if the account was titled "Harry and Hannah, Joint tenancy with the right of survivorship"?
If the brokerage account was titled "Harry and Hannah, tenancy in common" and Harry passed away: A. Hannah would receive Harry share solely. B. Harry's heirs would receive his shares, not Hannah. C. both Harry's heirs and Hannah would receive Harry's shares.
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