Joint Tenancy as a Form of Joint Property Ownership Is

question 85

True/False

Joint tenancy as a form of joint property ownership is used to avoid probate but it is not effective to avoid estate taxes.​

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Definitions:

Single-Parent Family

A family that consists of only one parent and his or her children.

Nuclear Family

A family unit consisting of two parents (mother and father) and their children (biological or adopted), considered the smallest, basic social unit.

Military Families

Families in which one or more members are serving or have served in the armed forces, often facing unique challenges such as frequent relocations and deployments.

Continuity

The psychological and developmental principle suggesting gradual and cumulative growth rather than sudden changes.