Examlex

Solved

Three Siblings Own Their Property as Joint Tenants

question 54

Multiple Choice

Three siblings own their property as joint tenants. When one of them dies, his interest cannot be willed away to someone else. Instead, the two remaining siblings will now own title to half of the property instead of one-third each. The decedent cannot pass his interest by will to anyone other than the other joint tenants. This is most likely to be an example of _____.


Definitions:

Insurance Company

An organization that provides financial protection and compensation for specified losses in exchange for premiums.

Patient Status

The current condition or state of a patient, including health status, and whether they are admitted, discharged, or under observation.

Eligibility for Benefits

Criteria that determine if individuals or groups qualify for certain advantages or services.

Predetermination

The act of deciding or establishing something in advance, often before relevant data or events are known.

Related Questions