Jan has dementia. Her friend, Bonnie, lives with her. There is a general, durable power of attorney
Question:
Jan has dementia. Her friend, Bonnie, lives with her. There is a general, durable power of attorney in place where Jan appointed Bonnie as agent over her finances. Bonnie pays Jan's bills and watches over Jan's investments. In early 2022, Bonnie's son, Ben, was arrested and charged with possession with the intent to distribute 4,000 Fentanyl pills. Ben's bail is $25,000 cash. Jan's power of attorney includes a general power of appointment, so Bonnie appoints $50,000 of Jan's assets to her so she can get Ben out of jail and pay a retainer to a criminal law attorney for him. Jan has always liked Ben and treated him like a grandson. In fact, Jan likes Ben so much that he is included in Jan's will and he will receive a portion of her estate assets when Jan dies.
Ben's share of the estate assets should be about?
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts