When property is held by four nonspouses as joint tenants with rights of survivorship, upon the death of the first joint tenant, ________ percent of the joint property is included in his or her gross estate.

Question

Quizplus · Accepted Answer

When property is held by four nonspouses as joint tenants with rights of survivorship, upon the death of the first joint tenant, the decedent's share of the property automatically passes to the surviving joint tenants and is not included in the decedent's gross estate for estate tax purposes. Therefore, none of the provided percentages are correct.

When Property Is Held by Four Nonspouses as Joint Tenants