Why is it important to differentiate estate assets from, Financial Management

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Why is it important to differentiate estate assets from

a. Describe the difference in treatment of assets upon the death of a person between those that are jointly owned as compared to those held in a tenancy-in-common arrangement.

b. Why is it important to differentiate estate assets from non-estate assets when drafting a will? Other than a will, is there any additional estate planning that may be required by a person in dealing with the distribution of their assets to intended beneficiaries?

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