Q-1 a) What issues arise when Ian dies in 2008 and the value of the property is assessed at $345,000? b) Did the creation of the life interest defeat the potential inheritance claim of X? Q-2 Was there a better way to achieve Ian’s estate plan wishes? Assessment -3 (Communication Skills Assessment) Consider the reading of a will. A common question asked in estate planning is whether the Executor of an estate has
Activity 1 Jack and Jill are married old age pensioners. They have investment assets worth $240,000 and they own their home. Jill dies. Her will leaves her share of the investment assets to Jack. What estate planning issues should the couple have considered prior to Jill’s death? (Describe a range of client needs and circumstances … Read more