Foundation that she controlled

Assignment Help Business Management
Reference no: EM131164336

Kevin was married three times. He had two children from his first marriage and 5 grandchildren all of whom he remained very close to until his death. Kevin was very generous with his substantial wealth when it came to his family and his favorite charities. He frequently told the children and grandchildren that they would be taken care of upon his death. While married to his second wife, he executed a will that provided for her during her lifetime and left the remainder of his estate in trust for his children and grandchildren. When his second wife died, he changed the will to give $3 million to each of his children and $1 million to each of his grandchildren. The remainder of his estate was bequeathed to his three favorite charities to which he had been the main financial supporter throughout the last 25 years. He was married only five months to his third wife, Nancy, before he passed away. One month into their marriage, Kevin was diagnosed with a brain tumor that affected his memory and his reasoning abilities. During the marriage, Nancy took control over all of Kevin's financial enterprises and continually advised Kevin that she thought that his children and grandchildren were ungrateful and disrespectful. The week before he died, he executed a will that left his entire estate in trust to Nancy for her life and then to a foundation that she controlled. Was Kevin's last will valid or the result of undue influence?

Reference no: EM131164336

Questions Cloud

Firm decision regarding-different project alternatives : Find an article about a publicly traded firm's decision regarding at least two different project alternatives. What was the decision that the firm made about the different projects and what was the decision process that they used to come up with ..
Explain the typical way that project managers organize : Describe the typical way that project managers organize the programmers' work storage areas. Why is this approach useful?
Explain whether you think these forces will diminish : Write an essay (750-1,000 words) describing the sociological reasons that gender, race, and age discrimination occur in American society. Explain whether you think these forces will diminish or become more prevalent in the near future.
Assignment on internal and external impacts : In this module you examined globalization and environmental changes and trends. You also learned that leaders need to stay current on both internal and external forces that impact organization in order to successfully lead/manage change. Therefore..
Foundation that she controlled : During the marriage, Nancy took control over all of Kevin's financial enterprises and continually advised Kevin that she thought that his children and grandchildren were ungrateful and disrespectful. The week before he died, he executed a will tha..
What might have happened if the bug had not been caught : My first programming job in 1977 was to convert a set of application systems from one version of COBOL to another version of COBOL for the government of Prince Edward Island. What might have happened if this bug hadn't been caught and all gas tax r..
How sociological environment influences the physical health : Generate a chart that demonstrates how the sociological environment influences the physical and mental health of individuals. Include both the physical and social environment and write a synopsis of the influence created by each item on the chart.
Relationship with her biological family : Jennifer, a widow, did not have a close relationship with her biological family and she and her husband had no children. Upon the passing of her husband, Nick, she executed a will that left her entire estate to various charitable organizations, in..
How might a systems analyst manage such a system project : How might a systems analyst manage such a system project? Who would the systems analyst need to interview to get the system requirements? How would a database analyst help in structuring the database requirements?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd