The Term "Community Property" as Applied in Estate Planning Is

question 165

Multiple Choice

The term "community property" as applied in estate planning is property that

• A)belongs to the government and therefore cannot be bequeathed by private individuals.
• B)was acquired by the joint efforts of husband and wife and in which each equally shares in the ownership.
• C)is equally shared by parents and children within the family unit.
• D)is jointly owned by the extended family including grandparents and grandchildren.

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