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Natasha and Link have been married for 2 years. They live in North Carolina and are about to make an offer on their first home.
Natasha and Link have been married for 2 years. They live in North Carolina and are about to make an offer on their first home. Their goal is to own the property so that if either Natasha or Link were to die, the surviving spouse would own the property outright. They also want to keep things private and avoid probate. How should they title their new home? o Link should own the house fee simple and name Natasha as his beneficiary. O Tenancy in common is the best way to title the property because it meets all their objectives. O They should title the home as JTWROS as a way to accomplish their goals. Because they live in North Carolina, they should title the home as community property. Scotty and Kirk own a speedboat together. They are not related but have been friends since childhood. They own equal shares of the boat. Thinking about the future, Kirk decides he would like to leave his half of the boat to Scotty should he die first. What form of titling would ensure that Kirk's wishes are met, even if Leonard, unrelated third party, contested the transfer? O Fee simple. Tenancy in common. Community property. OJTWROS
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