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Willis and Wanda Notimeleft have a net estate of $8.5 million dollars. They are 87 and 86 years of age, respectively. They have 3 children, Daryl (56 YOA), Darlene (54 YOA), and Derelict (49 YOA). They desire to pass their property on to their children and do not believe in giving money to charities. Daryl is a priest who recently was honored by the Pope at a ceremony at the Vatican. He has one child, Ohno, who nobody knows about except the immediate family.

Darlene is a wealthy bird-watcher who has been the first person to identify 17 different species of rare birds, including the Gawking Loon, and her Gawking Loon Bird Treats have won numerous awards at international bird culinary events. She has no children, but she does have a very manipulative dairy farming, playboy husband, Hue Heifer.

Unfortunately, Derelict has been a relative failure who, at best, writes ridiculous law exam questions like this one when he is not in prison on a variety of charges. He may have children, but nobody is sure. Willis and Wanda are very private people who do not want their wealth to be publicly revealed. Like all red-blooded Americans, they don't want the government to get one red cent of their hard earned wealth. Despite their differences, they want their children to share equally, but want their wealth protected so that their children can enjoy it.

Please construct an estate plan, including gifts during life, powers of attorney, wills or trusts, and any other legal means that the Notimeleft's should use to accomplish their goals. Your plan should not be less than two pages, double spaced.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M9172863

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