In estate planning, opting for tenancy in common allows which of the following?

Selecting tenancy in common as a form of ownership in estate planning allows for the division of shares among multiple owners. In a tenancy in common arrangement, each co-owner holds a separate and distinct share of the property, which can be of equal or unequal portions. This means that multiple individuals can collectively own a property, but each person's share can be assigned independently, allowing for greater flexibility in estate planning.

This structure is particularly beneficial for individuals who wish to have joint ownership with others while still maintaining the ability to pass on their share through their estate. Each tenant in common can freely transfer their interest in the property to another party without needing the consent of the other co-owners. This is a key distinction from joint tenancy, which typically includes a right of survivorship and does not allow for such convenience in ownership transfers.

By understanding this arrangement, property owners can make informed decisions about how to structure their estates and what may happen to their shares upon their death or if they wish to sell their interest in the property.