Key Property Interests Flashcards
Fee Simple
% in Gross Estate: 100%
Included in Probate: Yes
Rights of Survivorship: No
Unlimited Marital Deduction: If passes to spouse
Partitionable without consent: N/A
Tenants in Common
% in Gross Estate: % owned
Included in Probate: % owned
Rights of Survivorship: No
Unlimited Marital Deduction: If passes to spouse
Partitionable without consent: Yes
Joint Tenancy with Rights of Survivorship (JTWROS)
% in GE (Spouses): 50%
% in GE (Non-spouses): % contributed
Included in Probate: No
Rights of Survivorship: Yes
Unlimited Marital Deduction: If passes to spouse
Partitionable without consent: Yes
Tenancy by entirety (Spouses)
% in GE: 50%
Included in Probate: No
Rights of Survivorship: Yes
Unlimited Marital Deduction: Yes
Partitionable without consent: No
Community property
% in GE: 50%
Included in Probate: 50%
Rights of Survivorship: No
Unlimited Marital Deduction: If passes to spouse
Partitionable without consent: No