Property Ownership
A Nebraska property owner wants to ensure that only their specific heir inherits the property. The best estate planning tool is:
AAdding the heir as a joint tenant immediately
BCreating a will naming the heir✓ Correct
CAdding 'and heirs' to the deed
DFiling an affidavit with the county recorder
Explanation
A will (testate succession) allows the owner to specify exactly who receives the property upon death, subject to probate. Adding a joint tenant changes current ownership, and joint tenancy can be severed before death.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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