Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mike D. Tigerelli is a lifetime resident of Louisiana. Mike was divorced from his first wife Dolly on April 19, 1991. Mike has been a

Mike D. Tigerelli is a lifetime resident of Louisiana. Mike was divorced from his first wife Dolly on April 19, 1991. Mike has been a lifelong real estate investor; in fact, he still has property commercial property owned in-indivision with his first wife. Mike has five children from his first marriage: Peter born in 1979, Raymond born in 1982, Stan born in 1986, Theresa born in 1989, and Wendy born in 1990. Wanting his kids to invest in real estate, he owns at least one piece of commercial property with each child.

He married his second wife Debra a professional realtor, on January 1, 2005. Throughout this marriage he and Debra have actively invested in real estate.

In the latter portion of 2008 Mike discovered Debra had an affair with his best "fiend" Dirk Diggler causing he and Debra to separate. During this separation he met Muffy Dollaride. Seeking comfort and solace he and Muffy had a torrid relationship cumulating in the birth of a daughter Clementine, born December 31, 1999. The pregnancy came as a shock to Mike seeing that he had undergone a vasectomy in 1990.

Although Mike has never acknowledged Clementine as his daughter, Muffy was able to secure a judgement declaring him to be Clementine's father. In that same proceeding Muffy also received an award of $10,000 in back child support which Mike has never satisfied he has however paid child support in the amount ok $3,000 per month since the judgment was rendered.

Mike dies suddenly will watching the Saints Buccaneers game on December 5, 2022. He leaves a statutory will sign and dated December 31, 2009, witnessed by his friends Tweddle Dee and Tweddle Dum, and notarized by Creflo Dollar, Notary.

At the time of his death all children survive him, and no one has any impediments that would qualify them as a forced heir.

In his will he bequeaths the following:

His children of the first marriage to Dolly namely, Peter, Raymond, Stan, Theresa, and Wendy, all his separate property.

His 90% interest inRiver Run Apartments solely to Peter,

His 90% interest inRiver Vue Apartments solely to Raymond,

His 90% interest in River Walk Apartments solely to Stan,

His 90% interest in River Bend Apartments solely to Theresa, and

His 90% interest in River Set Apartments solely to Wendy

The will makes no mention of Clementine.

Mike has named his first wife Dolly as executor of the estate.

At the time of his death Mike had amassed the following assets.

Before his first marriage Mike did business as and continues to operate as Mike D. Tigerelli D.B.A. Mike D Tiga Properties. This business owns and operates the following

  1. 100 rental units' worth more than $ 30,000,000
  2. One strip mall worth at least of $ 8,000,000
  3. 3 office buildings worth a total of $12,000.000

Through Mike D Tiga Properties he owns a 90% interest in the following

River Run Apartments owned with Peter,

River Vue Apartments owned with Raymond,

River Walk Apartments owned with Stan,

River Bend Apartments owned with Theresa, and

River Set Apartments owned with Wendy

Mike and his 1st wife Dolly executed a prenup ensuring all properties remained his separate property.

During his first marriage Mike and Dolly started Starter Wife Property Group, LLC., of which Mike has a 50% interest. During that marriage Starter Wife Property Group accumulated and "continues" to operate.

  1. An additional real estate portfolio worth $10,000,000 under Starter Wife Property Group.
  2. Starter Wife Property Group also purchased a standalone building once used as a Rite Aid store worth $2,000,000.
  3. 5 additional commercial properties with a total worth of $4,000,000

During his marriage to Debra, the couple Black Hole Property Inc. Black Hole Property has accumulated and "continues" to operate.

  1. An additional real estate portfolio worth $20,000,000.
  2. Black Hole Property also purchased a standalone building once used as a Piccadilly Cafeteria for $3,000,000.
  3. 4 additional commercial properties under Starter Wife Property Group worth $15,000,000

Mike was a bit of a slum lord in the beginning and has had many suits and subsequent judgments recorded against him.

A title search has determined that Mike owes:

  1. Owes property taxes of $150,000 for 2017, and $125,000 for 2018 on the shopping mall
  2. A personal Federal Tax lien of $25,000 filed July 4, 2017, now in excess of $54,000.
  3. Child support judgment, which was recorded on June 1, 2001, in the amount of $10,000, which has never been paid, but it has been reinscribed in 2011, and 2021. The judgement including interest now totals $33,500.

Question 1 60 pts

Pleasedistribute his succession and tell me who get what and why

Question 2 5 pts

What does Clementine receive if anything? Please explain.

Hersey Wautier his wife Ginger, and there 10-year-old son Michael are taking the 6-hour drive to Houston Texas to visit Ginger's mother Pearl. While driving on I-45 in Houston, they are rear ended by a speeding tanker truck. Hersey is pronounced dead at the scene, Ginger lingers for three days at the hospital before succumbing to her injuries. Michael suffered significant injuries but is expected to recover, but he will have lasting long-term effects from the accident.

Hersey was 42 and a successful author of horror novels. His income derives from royalties received from his books. He is in negotiations to have his most famous book series, "Crack Of Dawn" about the forbidden love affair between a vampire and a werewolf, turned into a series of movies on Netflix. Ginger was 40 years old and a highly orthopedic surgeon.

The Wautier's own significant amounts of real estate throughout the southern states but the vast majority of what they own is in Orleans Parish. Their main residence is in New Orleans, Michael was registered for school there and Ginger's medical practice was located there. They also have homes in Destin Florida, Miami Florida, and Houston Texas, and they own commercial property in Alabama.

The Waultier's were expecting another child a baby girl, to be born through a surrogate in approximately 4 weeks and named Lucie.

Both Hersey and Ginger left wills which essentially said the same thing

"If I predecease my spouse the I leave all that I have to my surviving spouse except for that portion reserved for my son Michael by law which is his forced portion"

Hersey's will further stated:

"If my spouse predeceases me and my son is still under the age of majority, I desire my Brother Mars Wautier, to become Tutor to my son Michael. To serve without bond."

Ginger's will states something similar:

"If my spouse predeceases me and my son is still under the age of majority, I desire my Sister Candise Chat-Noir, to become Tutor to my son Michael. To serve without bond."

Where do you file the succession? Why?

What must be done before Michael can take possession, Why?

What happens to Lucie?

Assuming Lucie survives, who is named tutor? Why?

Assume that three months have passed. Using the attached forms, Prepare the tutorship docs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Lawyer Leadership

Authors: Leah W. Teague, Elizabeth M. Fraley, Stephen L. Rispoli

1st Edition

1543825257, 978-1543825251

More Books

Students also viewed these Law questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago