Question
Which of the following statements concerning owning real property as joint tenants with right of survivorship is (are) correct? I. If the joint tenants are
Which of the following statements concerning owning real property as joint tenants with right of survivorship is (are) correct?
I. If the joint tenants are mother and son and the son contributed all funding to purchase the property, one-half of the propertys value will be excluded from the mothers estate if she dies before her son.
II. If the joint tenants are married to each other and the wife contributed all funding to purchase the property, the entire value of the property will be in the wifes estate if she dies first.
Answer Choices
a. I only
b. II only
c. Both I and II
d. Neither I nor II
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