Question 2: Shannon Mosher died in Minnesota. Her close relatives were her mother, her ex-husband,...
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Question 2: Shannon Mosher died in Minnesota. Her close relatives were her mother, her ex-husband, and their two children, Drake Mosher and Jeribeth Peters. Shannon left the following estate: Item Title Asset FMV 1 Home $300,000 2 ABC stock Joint tenancy w/ daughter (both contributed equally to the purchase) Shannon only Pay-On-Death (POD) account to son Drake $250,000 3 Big City Muni bonds $275,000 4. Silver Spurs Ranch Tenant in common w/ brother (Shannon owns 40%) $620,000 5 Riverdale Vacation Cabin Tenancy in the entirety w/ ex-husband, did not change title after divorce $180,000 Long Life insurance policy Shannon as owner, named beneficiaries daughter & son equally $500,000 a) If Shannon died intestate, who would get what? [3 points] b) If she had a will that left everything to her daughter, who would get what? [3 points] Question 2: Shannon Mosher died in Minnesota. Her close relatives were her mother, her ex-husband, and their two children, Drake Mosher and Jeribeth Peters. Shannon left the following estate: Item Title Asset FMV 1 Home $300,000 2 ABC stock Joint tenancy w/ daughter (both contributed equally to the purchase) Shannon only Pay-On-Death (POD) account to son Drake $250,000 3 Big City Muni bonds $275,000 4. Silver Spurs Ranch Tenant in common w/ brother (Shannon owns 40%) $620,000 5 Riverdale Vacation Cabin Tenancy in the entirety w/ ex-husband, did not change title after divorce $180,000 Long Life insurance policy Shannon as owner, named beneficiaries daughter & son equally $500,000 a) If Shannon died intestate, who would get what? [3 points] b) If she had a will that left everything to her daughter, who would get what? [3 points]
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