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akatua777 akatua777
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2 years ago
A husband and wife own Lot A as joint tenants and Lot B as tenants in common. The husband's will reads: "I leave Lot A to my son, John, and Lot B to my daughter, Mary." Who takes what when the husband dies?

▸ Mary will get her father's interest in Lot B, but John will only get a life tenancy in Lot A.

▸ John will get Lot A but Mary will not get Lot B because it was co-owned with the mother as tenants in common, so the mother takes Lot B as the other tenant in common.

▸ The son, John, gets Lot A and the daughter, Mary, gets Lot B, just as their father wished and designated in his will.

▸ Mary will get her father's interest in Lot B, but John will get no interest in Lot A.

▸ Mary will get all of Lot B but John will not get Lot A because it was co-owned with the mother in joint tenancy, so the mother takes Lot A as the surviving joint tenant.
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Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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rockshimrockshim
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