Tuttle Died at Age 96, Leaving a Will That She

question 6

Essay

Tuttle died at age 96, leaving a will that she made at age 40 that provided that her three children would share her estate equally. At the time of her death, only one child, Anna, was living. Tuttle's two deceased children, Bill and Caroline, each had two children who were living at the time of Tuttle's death. Anna is claiming that she is entitled to the entire estate because the bequests to Bill and Caroline lapsed upon their deaths prior to Tuttle's death. How will the estate be settled?

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Definitions:

Market Prices

Prices that are determined by the interaction of supply and demand in a marketplace.

Economic Growth

A growth in an economy's ability to manufacture goods and services when comparing one time period to another.

Proprietary Technology

Exclusive technology owned by a company, protected by patents or trade secrets, providing a competitive advantage over rivals in the market.

Human Capital

The aggregate abilities, insights, or unseen resources of persons that are capable of producing economic gains for the individuals, their workplaces, or the community as a whole.