Hans Heidelberger died testate in Florida. He owned a considerable amount of property and made many specific
Question:
Hans Heidelberger died testate in Florida. He owned a considerable amount of property and made many specific legacies and devises to numerous relatives and friends. However, his will had no residue clause. In the will, Hans specifically disinherited by name his only two children. A number of very valuable stock certificates and bonds that Hans owned were not included as gifts in the will. Answer and explain the following:
1. Through what process and to whom will the valuable stocks and bonds be distributed?
2. Since Hans specifically stated that his two children were not to receive any of his estate, does that provision of the will bar them from receiving an interest in the stocks and bonds?
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta