Question
Lisa died in Minnesota. Her close relatives were her mother, her ex-husband, and their two children, David and Beth. Lisa left the following estate: Item
Lisa died in Minnesota. Her close relatives were her mother, her ex-husband, and their two children, David and Beth. Lisa left the following estate:
| Item | Title | Asset FMV | |
| 1 | Home | Joint tenancy w/ daughter (both contributed equally to the purchase) | $300,000 |
2 | ABC stock | Lisa only | $250,000 |
| 3 | Big City Muni bonds | Pay-On-Death (POD) account to son David | $275,000 |
| 4 | Silver Spurs Ranch | Tenant in common w/ brother (Lisa owns 40%) | $620,000 |
| 5 | Riverdale Vacation Cabin | Tenancy in the entirety w/ ex-husband, did not change title after divorce | $180,000 |
| 6 | Long Life insurance policy | Lisa as owner, named beneficiaries daughter & son equally | $500,000 |
If Lisa died intestate, who would get what?
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
