Question
In her will, Beth devised her house to her friend, Janet. When Beth died, Janet took possession over the house and Beths estate contained $300,000
In her will, Beth devised her house to her friend, Janet. When Beth died, Janet took possession over the house and Beths estate contained $300,000 of ungifted cash. A few days later, Janet learned the house Beth gifted to her was subject to a $120,000 mortgage. Which of the following statements is true?
-
Janet is entitled to $120,000 plus any reasonable attorney fees from the estate because it was Beths intent for her to receive the property without any outstanding claims.
-
Janet is entitled to $120,000 from the estate to make her gift whole.
-
Janet is entitled to $120,000 from the estate because Beths will devised the house without mention that it was subject to a mortgage.
-
Janet is not entitled to $120,000 from the estate and if she keeps the house, she will be liable for any outstanding claims against it.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started