Ken, barbie, and skipper owned property as a joint tenancy. when the skipper moved out of state, she sold her interest to midge. two years later, ken died. how is the interest in the property divided Barbie owns 2/3 and Midge owns 1/3.
Genetic – Genetic wealth is easy. A person who owns taxable simple real estate also owns all legal property rights in perpetuity. This includes passing those rights to another party through an inheritance process.
Normally, when a person wants to sell property, both parties must reach an agreement midge so that the sale can be done without going to court. Learn your legal rights and how to handle joint property if you or your joint partner wants to sell.
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