EXTRA CREDIT (UP TO 3 POINTS) Please discuss Uniform Anatomical Gifts Act.
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Revocable living trusts are not enforceable.
Revocable living trusts are not enforceable.
Trustees and beneficiaries have a fiduciary relationship.
Trustees and beneficiaries have a fiduciary relationship.
EXTRA CREDIT (UP TO 3 POINTS) Jimmy Olson died intestate whi…
EXTRA CREDIT (UP TO 3 POINTS) Jimmy Olson died intestate while domiciled in South Carolina on January 1, 1994. Jimmy had four sons Albert, Brutus, Cassius, and Daniel. Albert had two sons Earl and Francis. Earl died on January 1, 1992 leaving two daughters Gabby and Helen. Brutus died on September 21, 1990 leaving four biological sons Ingram, Jeffrey, Kurt and Louis. Also surviving Brutus was his step-son Morris and adopted daughter Nora. Cassius died on December 22, 1993 leaving four children Ophelia, Pamela, Quentin and Rudolph. Rudolph died on December 29, 1993 leaving two sons Steven and Terrence. Jimmy’s mother, Ursula and father, Victor are alive and well living on a commune in California. Jimmy’s brother, Wes, died on September 17, 1987 leaving two daughters (Jimmy’s nieces) Xelia and Yanni. Jimmy’s sister, Zuba, died leaving no issue on January 23, 1976. Jimmy’s wife has been dead for 3 years. The value of Jimmy Olson’s estate at the time of his death was $1,000,000. What portion, if any, should the named people receive if South Carolina intestacy laws were applied? (If a person is not stated to be dead, they are alive.)
Tom leaves Blackacre to his brother in his will. His brother…
Tom leaves Blackacre to his brother in his will. His brotherpredeceased Tom. Tom is in a state with an antilapse statute. This means that this devise of Blackacre will not lapse and will pass through the residuary clause of the will.
A person who makes a gift of personal property in a will is…
A person who makes a gift of personal property in a will is known as:
Tom left Valerie a piece of real property known as Tomacre i…
Tom left Valerie a piece of real property known as Tomacre in his will. This is an example of a specific legacy.
Jerry had the following provision in his will: I, Jerry Smit…
Jerry had the following provision in his will: I, Jerry Smith, give to Larry Smith if he survives me the sum of $10,000 to be paid from my Bank of America bank account number 1234353535. This is an example of which of the following?
Oral trusts can be enforceable.
Oral trusts can be enforceable.
A tenant in common has a right of survivorship such that the…
A tenant in common has a right of survivorship such that the interest of one tenant in common passes to the other tenant in common upon their death.