Question
Facts: Johnny is married to Laura. They have two children, Marcie (who has a husband, Ricky), and Jason, who is unmarried. Johnnys mother, Lindsey, is
Facts: Johnny is married to Laura. They have two children, Marcie (who has a husband, Ricky), and Jason, who is unmarried. Johnnys mother, Lindsey, is also living Johnny owns three tracts of land by himself (they were acquired prior to his marriage to Laura). Johnny has his attorney draft the following deeds to the three tracts of land, all of which are properly drafted and recorded at the Faulkner County Courthouse in November 2018: Deed #1: Greenacre I, Johnny (Grantor) grant to my mother, Lindsey, the right to use and occupy Greenacre for the rest of her life. Deed #2: Blackacre - I, Johnny (Grantor) convey Blackacre to Ricky and Marcie, husband and wife. Deed #3: Whiteacre I, Johnny (Grantor) convey a one-half (1/2) interest in Whiteacre to my son, Jason. (Note: the purpose of this deed was to gift his son, Jason, an interest in the property while retaining an interest for Johnny). In February 2019, Johnny and Ricky are fishing on Lake Conway when a strong storm blows up, and the fishing boat capsizes. Both Johnny and Ricky die. Lindsey is so distraught upon learning of the news, that one week later she dies. Johnny has a last will and testament leaving all of his property and estate to his wife, Laura. Questions to be answered: (ANSWER BOTH QUESTIONS FOR EACH PARCEL) 1. For each parcel of land, describe how the land is owned, and by whom, after the deeds given by Johnny; and 2. For each parcel of land, describe who owns it and how it is owned (and your reasons), after the deaths of Johnny, Ricky and Lindsey. For purposes of your answers: Assume that Arkansas law applies, and dont forget to specifically describe the interest owned. Greenacre: Blackacre: Whiteacre:
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