QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 4 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Law Posted 21 Sep 2017 My Price 8.00

Exams Course:

Assignments & Exams 
Course: Wills, Trusts & Estates: PLG-106-1608 
Assignment: Assignment 1 (based on class 1)

For the first assignment, I’d like you to try your hand at an inheritance fact pattern. The first step is to draw a family tree; only then will it be possible to apply the various distribution rules. 

John has 3 children, Steve, Tina and Samantha. Steve and Tina predecease John. 

Steve leaves 4 children: Don, Donna, Doug and Derek. 

Tina leaves two children: Alicia and Allison. 

Samantha is still living, and has two children: Brittany and Bryan. 

All of John’s grandchildren are alive at the time of his death. 

John dies with $200,000 in assets after all expenses are paid off. In his Will, John left all his money to his “issue.” 

Please figure out and explain: 

a) how much money each beneficiary receives if the jurisdiction follows the rule that “issue” means "per stirpes"; and 

b) how much money each beneficiary receives if the jurisdiction follows the rule that “issue” means "per representation."

Be sure to include the family tree, and explain how you arrived at the distributions.

Answers

QuickHelper
(10)
Status NEW Posted 21 Sep 2017 10:09 AM My Price 8.00

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