Question
Fran was an 83-year-old lady.She had a will that left everything to her daughters Grace and Helen. When she died she held the following assets?
Fran was an 83-year-old lady.She had a will that left everything to her daughters Grace and Helen. When she died she held the following assets?
4a. A bank account in the name of "Fran and Grace, as joint tenants with right of survivorship".Balance in the account when she died was 25,000.How much will Grace get?How much will Helen get?
4b. She had 100 shares of AT&T worth $30,000.Shares were marked "Fran and Helen at tenants in common.How will the value of those shares be divided between Grace and Helen?
4c.She sent her granddaughter Ida a letter telling her that she was to receive her gold bracelet that was in the bank vault.When she died Ida had the letter and the bracelet was still in the bank vault.The bracelet was worth $1,500.Who will receive this bracelet?
4d. After Fran died, her granddaughter Judy had a gold pin that was Fran's.Judy claimed Fran had given it to her and told her she wanted Judy to have this special piece of jewelry.No one saw her give the pin to Judy.Grace and Helen want it returned to them and Judy wants to keep it.Who is legally entitled to the pin, Grace, Helen or Judy?
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