Which of the following types of real property ownership will be deemed to be a tenancy in common?

Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.
Two brothers are equal partners in a general partnership that owns a piece of real property used in the partnership business.
Two brothers own equal fractional interests in a piece of real property and at the death of one of the brothers the survivor will own the entire piece of property.
Two brothers own equal undivided interests in a piece of real property, with each brother being able to divest himself of his interest by sale, gift, or will.

Answer(s): D

In all cases a trustee must invest trust assets in accordance with the

Answer(s): B

The failure of an individual to have a will can result in all the following EXCEPT:

Testamentary gifts to charity cannot be made.
The decedent's state of domicile might receive the property left by the decedent.
Unnecessary death taxes may be imposed.
A surviving spouse receives only his or her elective share.

Answer(s): D

All the following statements concerning property ownership by a married couple residing in a community-property state are correct EXCEPT:

Property inherited during the marriage is the separate property of the spouse who inherited it.
Income earned by one spouse becomes community property.
Community property loses its identity when a community-property couple moves to a common law state.
All property that is not separate property is community property.

Answer(s): C

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