Aron Owns a Certificate of Deposit with Beth, His Sister

question 40

Essay

Aron owns a certificate of deposit with Beth, his sister, and an apartment building with Carl, his brother, in both cases as a joint tenant. Aron, a partner with Debra in Aron & Debra Accountants, obtains a life insurance policy with Debra as the designated beneficiary. Aron writes a will that gives particular items of personal property, as well as specific amounts of cash, to his children and his friends. The will leaves the residue of the estate to Eve, Aaron's favorite cousin. Carl dies. Aron, on his deathbed, makes a gift to the United Way. Will the certificate of deposit, the apartment building, the proceeds from the life insurance policy, and the gift to the United Way become part of Aron's estate and be distributed under the will? If not, how will these items be distributed and to whom?

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Definitions:

Academic Achievement

The level of accomplishment a student, teacher, or educational institution has reached in meeting their short-term or long-term learning objectives.

Extended Families

Family groups that extend beyond the immediate nuclear family to include grandparents, aunts, uncles, and other relatives.

Poverty

A socioeconomic condition characterized by a significant lack of financial resources and essentials for a comfortable living standard.

Grandparents

The parents of one's parents, often playing significant roles in family structure, support, and intergenerational relationships.