Smith and Robersons Business Law Study Set 2
Quiz 50 :
Trusts and Decedents Estates
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Q70 Q70 Q70
Diego, a widower, dies intestate, leaving two surviving children and two grandchildren who are children of his deceased daughter.If Diego's surviving children each take onethird of his estate and the grandchildren each take one-sixth of the estate, this is described legally by the statement that:
Q76 Q76 Q76
In 1998, Arthur executed a valid will in which he left his entire estate to the Heart Fund.In 2006, Arthur was declared incompetent and was committed to an institution.At his death in 2009, his son, Brian, who was his sole survivor, contested the will claiming that Arthur was obviously incompetent.Will Brian prevail with this argument? Explain.
Q78 Q78 Q78
Charlene drafted a will in 1992 stating as follows: "I hereby leave my 80-acre farm to Arthur, my pure-bred golden retriever to Brian, and $20,000 each to Dana and Ellen." In 1997, Charlene sold her farm and in 1998 her dog died.Charlene died in 2004 without having changed her will and with $15,000 in the bank.If there are no administrative costs or bills to be paid by the estate, what amount will Arthur, Brian, Dana, and Ellen receive under the will?