Mario has worked hard his entire life and has accumulated significant assets. He is now 85...

 

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Mario has worked hard his entire life and has accumulated significant assets. He is now 85 years old and has decided to prepare a Will for the very first time. He has always lived in Quebec, has never married, nor had children. He would like to gift his entire estate to charity. His siblings and his many nieces and nephews will be very surprised to not receive an inheritance. He knows that the charity that takes care of the homeless is the right thing to do, especially as no one in his family has ever been close, visited or invited him to family occasions. a) Mario is contemplating three types of Will. List them: (1.50 marks-.5 marks each) 1. 2. 3. b) Mario knows that his family will contest his decision and he does not want the charity to have any issues. Which one of the three types of Wills should Mario avoid? (.5 marks) c) State your reason for your response in b): (.75 marks) d) Mario called an ambulance recently as he was having difficulty breathing. If he dies before he has a Will prepared, what is this called? (.5 marks) Mario has worked hard his entire life and has accumulated significant assets. He is now 85 years old and has decided to prepare a Will for the very first time. He has always lived in Quebec, has never married, nor had children. He would like to gift his entire estate to charity. His siblings and his many nieces and nephews will be very surprised to not receive an inheritance. He knows that the charity that takes care of the homeless is the right thing to do, especially as no one in his family has ever been close, visited or invited him to family occasions. a) Mario is contemplating three types of Will. List them: (1.50 marks-.5 marks each) 1. 2. 3. b) Mario knows that his family will contest his decision and he does not want the charity to have any issues. Which one of the three types of Wills should Mario avoid? (.5 marks) c) State your reason for your response in b): (.75 marks) d) Mario called an ambulance recently as he was having difficulty breathing. If he dies before he has a Will prepared, what is this called? (.5 marks)

Answer rating: 100% (QA)

1 Types of will Simple will A simple will is the type of will that most people equate with the term ... View the full answer