The will of Josh OBrien has the following stipulations: Antique collection goes to Ilsa Lunn. All money
Question:
Antique collection goes to Ilsa Lunn.
All money in the First Savings Bank goes to Richard Blaine.
Cash of $9,000 goes to Nelson Tucker.
All remaining assets are put into a trust fund with the income going to Lucy Van Jones. At her death, the principal is to be conveyed to Howard Amadeus.
Identify the following:
a. Remainderman.
b. Trustor.
c. Demonstrative legacy.
d. General legacy.
e. Specific legacy.
f. Life tenant.
g. Testator.
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a Howard Amadeus has been designated to receive the principal of the trust fund after Lucy Van Jone...View the full answer
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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