32. The will of Josh OBrien has the following stipulations: Antique collection goes to Usa Lunn. All

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32. The will of Josh O’Brien has the following stipulations:

Antique collection goes to Usa 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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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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