Aaron, Bob, and Carol purchased Blackacre and own the property as joint tenants with the right of survivorship. Aaron owns 40%. Bob and Carol own 30% each. Bob dies leaving no heirs. Later, Carol (a single mother) dies leaving her heirs, a daughter, Dorothy, and a son, Eric. How is ownership to Blackacre held after Bob and Carol die? Why?

Answer rating: 100% (QA)

Bob who had a 30 share in the business in case of his death his rights will be transferred to the ot... View the full answer