Asked by Christian Broussard on Apr 27, 2024

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Lorene and Carolyn own a farm as joint tenants. When Lorene dies, her share will pass to:

A) Carolyn.
B) her heirs.
C) her beneficiaries.
D) Carolyn's heirs.

Joint Tenants

A form of property co-ownership where two or more parties hold equal shares, and upon the death of one, the surviving joint tenant(s) automatically receive the deceased's share.

Heirs

Individuals legally entitled to receive property from a deceased person's estate under a will or through intestacy.

Beneficiaries

Individuals or entities entitled to receive benefits or funds under a will, trust, insurance policy, or other financial arrangement.

  • Understand the principles of simultaneous property ownership and recognize the differences among its various forms.
  • Comprehend the legal approaches to resolving and managing disputes in property law, including the division of property and the rights of survivorship.
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ZK
Zybrea KnightMay 03, 2024
Final Answer :
A
Explanation :
In a joint tenancy, when one owner dies, their share automatically passes to the surviving owner(s) due to the right of survivorship. Therefore, Lorene's share will pass to Carolyn.