Question
Stan won $2 million in a lawsuit for discrimination by his employer. Stan is now getting a divorce. Under California community property law, would his
- Stan won $2 million in a lawsuit for discrimination by his employer. Stan is now getting a divorce. Under California community property law, would his wife be entitled to any of the money? Explain why/why not.
- Hunter has a life tenancy in Yvonnes house for as long as his son Michael is alive. Which kind of life estate does this describe?
- Mary, Beth, and Ali own 123 Jones Street as joint tenants. Mary just sold her share to Kevin. How is title vested by the owners after the sale?
- You and your best friend decide to buy an investment property together. You can take title as joint tenants or tenants in common. Which would you choose and why? Describe 2 different advantages or disadvantages for choosing the two ways to vest (do not use the same concept, i.e., I dont want to buy a wool sweater because its itchy, but I will buy a cotton sweater because its not itchy its the same fundamental reason, comfort/ itchiness!)
- An entirely handwritten and signed will is called a _____________________ will.
6.-______________________ is loss of land when it is gradually worn away by water.
7.-Araceli and Ahmad are married and own a condo together. Araceli also owns another house that she bought before they got married that does not have Ahmad on title. They have 1 child together who is 10 years old. Araceli died unexpectedly and had no will or trust. Who will inherit the two properties and what percentage of ownership in each?
8.-Surinder refuses to prepare a will or trust. She owns a house in Oakland worth $2 million. She wants to make sure that none of her other siblings inherit any of it if she dies and that only her youngest sister will inherit the entire house. Surinder cannot put her sister on title now for tax reasons. What can Surinder do to make sure only her sister will inherit it?
Can someone help me with this problems ? thank you
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