0538452803_269424

0538452803_269424 - BLTC-9e Sample Answer for...

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BLTC-9e Sample Answer for End-of-Chapter Hypothetical Question with Sample Answer Chapter 45: Insurance, Wills, and Trusts 45–2 Hypothetical Question with Sample Answer Benjamin is a widower who has two married children, Edward and Patricia. Patricia has two children, Perry and Paul. Edward has no children. Benjamin dies, and his typewritten will leaves all his property equally to his children, Edward and Patricia, and provides that should a child predecease him, the grandchildren are to take per stirpes. The will was witnessed by Patricia and by Benjamin’s lawyer and was signed by Benjamin in their presence. Patricia has predeceased Benjamin. Edward claims the will is invalid. 1 Discuss whether the will is valid. 2 Discuss the distribution of Benjamin’s estate if the will is invalid. 3 Discuss the distribution of Benjamin’s estate if the will is valid. Sample Answer: 1 In most states, for a will to be valid, it must be in writing, signed by the testator, and witnessed (attested to) according to the statutes of the state.
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This note was uploaded on 11/21/2011 for the course MGMT 4324 taught by Professor Tim during the Spring '11 term at Andhra University.

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0538452803_269424 - BLTC-9e Sample Answer for...

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