Maria and her brother Carlos own a parcel of farmland in Custer County, Nebraska as tenants in common. Maria dies intestate, leaving two adult children. Which of the following correctly describes what happens to Maria's interest in the property?
Correct Answer
D) Maria's interest passes to her two children through Nebraska intestate succession
In a tenancy in common, each co-owner holds a separate, divisible interest that does not include the right of survivorship. When Maria dies intestate, her undivided interest passes to her heirs according to Nebraska's intestate succession laws (Neb. Rev. Stat. §§ 30-2301 et seq.), which would distribute her share to her two children. Carlos retains his own undivided interest and is unaffected by Maria's death.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
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