1. Jacky Santos Sr. is a Billionaire/Playboy/Philanthropist/Dictator, who owns lots of properties in the Philippines. During his...
Question:
1. Jacky Santos Sr. is a Billionaire/Playboy/Philanthropist/Dictator, who owns lots of properties in the Philippines. During his trip to Hawaii, unfortunately, he passed away. His family members mourned his loss, namely, Lie, Eron, and Jacky Santos Jr. However, during Jacky Santos Sr. burial, his alleged mistress, Cesil, appeared, and claimed that the deceased Jacky Santos Sr. left all of his properties to her.
Question:
A. Based on the facts stated, who are the heirs of Jacky Santos Sr.? Why? Explain.
B. Would Cesil be considered as an Heir if Jacky Santos Sr.. executed a Last Will and Testament, which states that: "I give all my properties to the love of my life, Cesil."? Why? Explain.
C. In relation to Letter B, would Jacky Santos Jr. be able to inherit from Jacky Santos Sr, if the latter said that: "My son Jacky Santos Jr. would not inherit anything from me, since he did not graduate from Harvard."? Why? Explain.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill