I need a last Will and Testament filled out according to what the assignment is asking for.
Jane walks into your office. She tells you that she has a husband, Mike, of 10 years. Jane and Mike have 4 children named Adam, Bertha, Carl and Donna. Mike has 3 children from a previous marriage, named Ernie, Gertrude and Harry. Jane has $6,000,000 in the bank and no other financial assets. She also owns a home (in her name alone) at 368 Maple Street, in which she and Mike reside.
Jane wants to minimize tax to whatever extent possible and she certainly wants to have Mike enjoy her money after her death, but she also wants to make sure that Adam, Bertha, Carl and Donna get her money eventually. She does think that it would be nice to give Mike's kids something, however. So she asks to have Ernie, Gertrude and Harry each get $200,000 in her will. Jane is also a philanthropist and she especially wants to support the American Cancer Society. Jane wants her husband to be the executor of her estate and wants her oldest daughter, Bertha, to be the trustee of any trusts in her estate.
Jane says that numbers and math and legal provisions give her a headache and so she will leave everything to you in terms of which will provisions to use. Jane asks you to draft her Will.
She just has a few requests of you:
1) Make sure that her children are protected to whatever extent is practical
2) Give as much money to the American Cancer Society as is necessary to reduce her estate tax to zero
3) Give as much money to her family while reducing her estate tax to zero.
4) Make sure that her jewelry is split equally between Bertha and Donna as the boys are not interested in the jewelry and she'd rather than her daughters get it than have it be sold for its value after her death.
5) She wants to make sure that if Mike is living, he will be able to live in her house. Therefore, she wants him to get the house outright at her death,