LAWS224 Basic Principles of Estate Law Assessment

 

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Assessment Details:-

• Course Code: LAWS224
• Course Title: Will and Estate
• Referencing Styles: APA
• Words: 9000+
• University: Centennial College
• Country: CA

 

Assessment Task:-

 

1. How will these following estates be administered? In each question below, ensure that you address the debts and each gift made under the will. Ensure your answer includes what will happen with each gift using the correct terminology where applicable.
2. a) Daniel died single, without dependents. His estate consists of the following:

Assets:                                                                                        

car . . . . . . . . . . . . . . . . . . . . . . . . $5,000.00

CIBC GIC . . . . . . . . . . . . . . . . . $20,000.00

cash . . . . . . . . . . . . . . . . . . . . . $10,000.00

 

Debts:                           

line of credit . . . . . . . . . . . . . . . . $25,000.00

 

Will:

Car to mother

$15,000 from GIC to brother

$5,000 to friend Joe

Residue to cousin