Question
Titus and Cam (both males) have been involved in an intimate relationship for the past 25 years. Tituss family is quite wealthy and has provided
Titus and Cam (both males) have been involved in an intimate relationship for the past 25 years. Tituss family is quite wealthy and has provided Titus with every extra in life. Unfortunately, Tituss family is also very conservative, and they do not approve of Tituss relationship with Cam. Titus was diagnosed with cancer last year and given only 12-15 months to live.
Titus plans to leave the substantial wealth he has inherited over the years to Cam. After a few too many glasses of wine last Christmas, Tituss mother proclaimed, Titus, I hope you have a great estate planning attorney, because I will spend every penny I have to keep Cam from inheriting a dime from you! In a fit of rage, Titus has come to you, an estate planning attorney, and asks you to recommend ways he can ensure that Cam will receive his assets.
Which of the following would you be least likely to recommend to Titus to meet his objectives?
Group of answer choices
A: A well-drafted will leaving everything to Cam with a no-contest clause.
B: A revocable living trust created and funded now with Cam as the beneficiary at Tituss death.
C: An irrevocable trust created and funded with Titus as the income beneficiary and Cam as the remainder beneficiary.
D: Retitling all assets as JTWROS.
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