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10 October, 09:24

As tenants in common, Ciro and Lucy bought an investment property together. Ciro sold his interest in the property to Walter. Walter died in an accident. Who now owns Walter's share?

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  1. 10 October, 12:20
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    Walter's heir

    Explanation:

    In united states' common law, the wealth which belonged to a deceased citizens will be automatically transferred to the closest family members (the heir), unless that person has made a legal document that specifically mentioned otherwise.

    In this specific case, it does not mentioned that Walter has made a will or any prenup agreement before he died. So, Walter's share will be automatically transferred to his spouse. (in united states, spouse is considered the main heir after deceased)
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Home » Social Studies » As tenants in common, Ciro and Lucy bought an investment property together. Ciro sold his interest in the property to Walter. Walter died in an accident. Who now owns Walter's share?
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