Question

Max and Heather bought a cute beachside bungalow six years ago. Their estate has no specified end date, and their heirs may inherit it. They have all the rights and privileges you can have in land. This is an example of _______ estate.

Answer 1

Answer:

joint tenancy

Explanation:

The question does not specify if Max and Heather are married, it only tells us that their heirs can inherit the estate. If they were married, generally joint tenancy is automatic, which means that both own the property. But joint tenancy can also happen if people aren't married. Maybe they are friends who decided to buy a beach house together, and they both own it and have the right to use it.