In What Type of Ownership Is Each Individual Considered to Own

question 42

Multiple Choice

In what type of ownership is each individual considered to own a proportionate share for tax purposes with only your share being included in your estate?

• A)tenancy by default
• B)tenancy by the entirety
• C)tenants in common
• D)joint tenants with the right of survivorship
• E)tenancy by performance

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Definitions:

World Bank

An organization established by the industrialized nations in 1946 to loan money to underdeveloped and developing countries; formally known as the International Bank for Reconstruction and Development.

Underdeveloped

Refers to countries or regions with low levels of industrialization, infrastructure, and income per capita compared to other countries.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.