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Dick and Karen are married and live in a community property state. All of their property is also located in this state, except for an
Dick and Karen are married and live in a community property state. All of their property is also located in this state, except for an undeveloped parcel of land left to Dick by his uncle in a common law state. Dick and Karen have three minor children.
Dick and Karen both have wills that leave everything to the survivor, and if there is no survivor, then to the children equally. Each will appoints the other spouse as personal representative PR Dick's brother was appointed as guardian of the minor children. Dick's brother has since died.
After analyzing Dick and Karen's current estate plan for weaknesses, which one of the following statements is NOT correct?
A
The wills are irrelevant since they live in a community property state.
B
Their estates may be subject to their state intestacy statutes to appoint a PR in the event of simultaneous death.
C
Dick's estate will require an ancillary probate proceeding.
D
A guardianship andor conservatorship proceeding will be necessary for the minor children.
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