You and your partner have enjoyed great success over the years in a variety of business ventures.
Question:
You and your partner have enjoyed great success over the years in a variety of business ventures. As you both near an early retirement at age 60, you decide to enter into one last project. Together you obtain a 75-year lease over a parcel of land on the outskirts of town. You do so with the intention of developing a theme park. Questions for Discussion 1. Should your shared ownership take the form of a co-tenancy or a joint tenancy? 2. What if the other person is your "partner" in the sense of being the person with whom you have shared an intimate, monogamous, cohabitational relationship for four decades? 3. What if the other person is your "partner" in the sense of being the person with whom, in a purely professional capacity, you have made a great deal of money? Assume that you also have a "partner" of the other sort, with whom you have produced five children.