In 2002, Chase duly executed a valid will that states
In 2002, Chase duly executed a valid will that states:
– to my loving wife Alicia I devise my home in the Hamptons
– to my cousins I devise $100,000
– to my daughters I devise my vehicles, including my plane and my cars
– to my sons, I devise the remainder of my estate.
In 2012, as Chase was getting older, he started having issues remembering names and caring for himself. Chase’s wife Alicia was very concerned for his health and she brought him to the doctor. The doctor at that point diagnosed him with rapidly progressive dementia. Alicia wanted to make sure he had all of his stuff in order so she brought him to see an attorney to draft up a will. As the attorney began working with Chase, the attorney realized that Chase had some difficulties remembering conversations that they had previously. The attorney worked with Alicia and their children on drafting a trust, instead of will because of Chase’s difficulties.
The trust was as follows:
This is a revocable will. Chase puts all of his property into the Chase Family Trust (“The Trust”). The trustee of the Trust is Chase’s wife Alicia. The trustee will distribute income to Chase for his life to maintain his lifestyle. Once Chase dies, the remainder of the Estate will be distributed to Alicia and Chase’s children. Alicia will receive 1/2 of the estate. Chase’s children will receive the other half of his estate.
When Alicia brought Chase into sign the document, the attorney asked Chase a variety of questions including if he knew the property that he owned and the names of his children. Chase mentioned several properties, including his home in the hamptons, but didn’t mention the plane that he owns. Chase also named all four of his children when asked.
In 2019, Chase died of old age. When Chase’s cousins hear about Chase’s death they are surprised they are not takers in the trust. Is there anything they can do to become heirs to Chase’s estate?
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
