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6-12 Match the following answers and asset ownership vehicles (answers may be used more than once or not at all. goes through probate/included in...
6-12 Match the following answers and asset ownership vehicles (answers may be used more than once or not at all.)
a. goes through probate/included in gross estate
b. avoids probate/included in gross estate
c. No effect
6.) _______ Property held by tenancy in common
7.) ________ Community Property
8.) ________ Property held by tenancy by the entirety
9.) ________ Totten trust
10.) ________ Testamentary trust
11.) ________ 401(k) that has no named beneficiary (deceased in survived by spouse)
12.) _________ Business owned by deceden