Using the following Estate Planning Questionnaire information, create an opinion letter on how all property in the estate would be transferred by Georgia's intestate succession laws. Assume there is no surviving spouse or children. The letter must be specific as to each type of property and who would receive the property. You must state the law and analyze who would inherit.

Client- Mark Watson; Client's Mother- Anne Watson; Client's Father- Sam Watson

Assets:

Investment income: $12,000

Real Estate: 123 Trojan Trail, Valdosta, Ga- Mortgage Balance: $90,000 and 437 Pineworth Drive, Valdosta, Drive- Mortgage balance: $80,000

Checking/savings account: $12,500

Retirement: Pension- Monthly benefit of $1,300

IRA: Traditional IRA- Account value- $61,000

Stock: $100,000

Personal Property: car, furniture- Value: $26,000

Life Insurance: $500,000 death benefit

Business interest: 49% ownership interest in Carter & Sons, LLC. with value of $350,000

Misc.: Lawnmower- value: $2,000; ATV- value: $1,500

Personal loans: $2,000

Credit card debt: $1,000

Safe deposit box: Deeds in it