The Gross Estate Always Includes the Value of Half of Any

question 130

True/False

The gross estate always includes the value of half of any real property owned by a decedent and another person in joint tenancy with the right of survivorship.

---

Definitions:

Bankruptcy Code

The set of laws codified under Title 11 of the United States Code that governs bankruptcy proceedings in the United States.

Social Security

A government program designed to provide financial assistance to individuals during retirement, disability, or other situations leading to a loss of income.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a debt or obligation, giving the lender rights to the property if the borrower defaults.

Secured Creditor

A creditor who has the benefit of a security interest in an asset of the debtor, giving them a right to take possession of the secured property if the debtor fails to repay the debt.