The will of Josh OBrien has the following stipulations: Antique collection goes to Ilsa Lunn. All money

Question:

The will of Josh O’Brien has the following stipulations:
Antique collection goes to Ilsa Lunn.
All money in the First Savings Bank goes to Richard Blaine.
Cash of $9,000 goes to Nelson Tucker.
All remaining assets are put into a trust fund with the income going to Lucy Van Jones. At her death, the principal is to be conveyed to Howard Amadeus.
Identify the following:
a. Remainderman.
b. Trustor.
c. Demonstrative legacy.
d. General legacy.
e. Specific legacy.
f. Life tenant.
g. Testator.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

Question Posted: