Harry and Brenda are husband and wife. Using her funds, Brenda purchases real estate that she lists as: "Harry and Brenda, joint tenants with right of survivorship." If Brenda dies first, all of the value of the real estate is included in her gross estate.

Question

Quizplus · Accepted Answer

Since the property is held as joint tenants with right of survivorship, upon Brenda's death, Harry would automatically inherit her share of the property, and it would not be included in her gross estate for estate tax purposes.

Harry and Brenda Are Husband and Wife