Question
QUESTION #1 In 2012 Dominick properly executed a will dated May 11, 2012. Having very little, he bequeathed the following: His 2009 Toyota Camry to
QUESTION #1
In 2012 Dominick properly executed a will dated May 11, 2012. Having very little, he bequeathed the following:
His 2009 Toyota Camry to his niece, Sarah.
His antique record collection to his nephew, Mark.
The remainder of his estate to his favorite Animal Shelter.
On June 6, 2014, Dominick sold his 2009 Toyota Camry and bought a cheaper 2005 Toyota Camry. He put the extra $550 that he earned from the sale in a bank account.
Dominick died December 12, 2014.
What property will Sarah, Mark and the Animal Shelter receive? Why?
QUESTION #2
In 2012, after his wife passed away, Mario Martinez properly executed the following deed:
I, Mario Martinez, as Grantor, for and in consideration of the love and affection of the Grantor to the Grantees, do hereby grant and convey, without warranty, Martinez Family Farm to my three sons, Marco Martinez, Jose Martinez, and Alex Martinez, Grantees in equal shares as joint tenants with right of survivorship.
At the same time, Marco properly executed a Will leaving his estate to his daughter, Martha.
In June 2015, Jose passed away. He had no will. His only heir was his wife, Jen.
Mario passed away in July 2018.
After Mario passed away who owned the Martinez Family Farm? Why?
QUESTION #3
Joe is married to Betty, and they have raised four children, Arthur, Brenda, Charles, and Dawn. Arthur and Brenda are children of Joe and Betty. Charles is the biological son of Joe from a previous marriage. Dawn is the biological daughter of Betty from a previous marriage. Arthur has already died survived by one child, Randy. Brenda has already died survived by two children, Sam and Teresa.
Joe died intestate. Assume his estate is worth $150,000 after any allowances for homestead, exempt personal property, and family allowances. What percentage/amount of Joe's $150,000 will go to each of his heirs under Kansas Law.
QUESTION #4
Ben died on January 5, 2016. In a properly executed will dated March 15, 2013, he left $50,000 to his daughter, Martha, in a valid will. His will contained other beneficiaries for his assets. The bequests of any beneficiaries who passed before Ben would lapse and be considered the residue of his estate. The residual of his estate was left to his wife, Jan.
Martha died intestate eight hours after Ben. She had no husband but a sister, Sue, and two sons, Bob and Fred.
Who will receive the $50,000 bequest to Martha and how much? Why?
QUESTION #5
In 2018, Pam bought an insurance policy for $200,000 naming her daughter, Julie, as beneficiary. At the same time, she opened a $25,000 pay on death account naming her son, George as beneficiary. She also deeded her house in her name and Geroge's name as right of survivorship.
In 2020, Julie died leaving her entire estate to her husband, Mike.
In 2021, Pam died intestate. In addition to the items previously listed, she had a car and household furnishings, and a small checking account. Which of Pam's assets are probate and why. Which of Pam's assets are non-probate and why.
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