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Author Question: Bart's son Bob has always been irresponsible. Bart wants to make sure that Bob has a place to live ... (Read 220 times)

chads108

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on: Aug 3, 2018
Bart's son Bob has always been irresponsible. Bart wants to make sure that Bob has a place to live after Bart passes away, but does not want to leave the house to Bob. Bart would prefer that the property pass to his granddaughter, Sally, after Bob dies. Discuss what Bart can do to accomplish this.
 
  What will be an ideal response?

Question 2

Describe a contingency fee.
 
  What will be an ideal response?


paavo

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Bart should leave a life estate in the property to Bob, with the remainder interest passing to Sally after Bob dies.

Answer to Question 2

A percentage of the amount recovered; paid by the client only if the case is successful.


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