Lorenzo owns a certificate of deposit with Maria, his sister, and a commercial building with Navarro, his brother, in both cases as a joint tenant. Lorenzo, a partner with Othelia in Lorenzo & Othelia Physicians, obtains a life insurance policy with Othelia as the designated beneficiary. Lorenzo 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 Paulina, Lorenzo's favorite cousin. Navarro dies. Lorenzo, on his own deathbed, makes a gift to the United Way. Will the certificate of deposit, the commercial building, the proceeds from the life insurance policy, and the gift to the United Way become part of Lorenzo's estate and be distributed under the will? If not, how will these items be distributed and to whom?

Question

Lorenzo owns a certificate of deposit with Maria, his sister, and a commercial building with Navarro, his brother, in both cases as a joint tenant. Lorenzo, a partner with Othelia in Lorenzo & Othelia Physicians, obtains a life insurance policy with Othelia as the designated beneficiary. Lorenzo 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 Paulina, Lorenzo's favorite cousin. Navarro dies. Lorenzo, on his own deathbed, makes a gift to the United Way. Will the certificate of deposit, the commercial building, the proceeds from the life insurance policy, and the gift to the United Way become part of Lorenzo's estate and be distributed under the will? If not, how will these items be distributed and to whom?​

Quizplus · Accepted Answer

The Answer of Lorenzo owns a certificate of deposit with Maria, his sister, and a commercial building with Navarro, his brother, in both cases as a joint tenant. Lorenzo, a partner with Othelia in Lorenzo & Othelia Physicians, obtains a life insurance policy with Othelia as the designated beneficiary. Lorenzo 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 Paulina, Lorenzo's favorite cousin. Navarro dies. Lorenzo, on his own deathbed, makes a gift to the United Way. Will the certificate of deposit, the commercial building, the proceeds from the life insurance policy, and the gift to the United Way become part of Lorenzo's estate and be distributed under the will? If not, how will these items be distributed and to whom?​

Lorenzo Owns a Certificate of Deposit with Maria, His Sister