Pedro, who lives in a common law state, would like to make his brothers and...
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Pedro, who lives in a common law state, would like to make his brothers and sister part owners of the large farm holdings that he has acquired. Because the holdings operate best as a unit, he would like to keep the individual holdings together. His siblings have different needs, so he would like to give them variable amounts: 10% to Ramon, 25% to Felix, and 18% to Juanita. Given Pedro's goals and situation, what is the most appropriate way for him to title the farm holdings for his siblings?
A)
In joint tenancy
B)
As tenants in common
C)
As tenants by the entirety
D)
In sole ownership
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