Question 5 (1 point) Listen FP10-1.5 Three sisters, Jane, Jill, and Joanne, purchased a sailboat together years ago. The boat is owned in joint tenancy between all three. The sisters have enjoyed sailing trips together for years, but recently, Jane was diagnosed with a physical disability and can no longer sail. Jill still loves sailing, but has a very demanding career and travels often. Joanne has instructions in her will to leave everything to her long term boyfriend, David, whereas Jill and Jane do not have wills. All three sisters are considering disposing of their interest in the boat, but unsure of the consequences Which of the following statements is correct? a) Joanne's share of ownership in the sailboat would pass to David upon her death b) Jill could gift her share of the boat to her adult daughter via a presumption of advancement If Jane sells her share of the boat to her friend Rita, then Rita would become a tenant in common d) All three sisters could transfer ownership of the boat via a presumption of resulting trust to defer any potential tax capital gains taxes associated with the boat