? Can a pending sale of intellectual properties be included in a Will if the estate is inherited. ?
by admin ~ February 24th, 2010 . Filed under: Law & Ethics .The estate is inherited equally in percentages between two main recipients of the estate, and a stipulation exists that in the event of one of the above mentioned parties premature demise, the remaining (living) person receives the now deceased’s share of the estate.
IF a sale is in progress and one of the sellers (inheritors) of the estate may be deceased before the deal is finalized, can the pending sale be included in the person’s Last Will and Testament so that upon the finalization of the sale the sum of money that was her share is divided up as she wished accordingly instead of going to the remaining living person as was the stipulation in the previous Will?
The business transaction was already divided up into equal parts by rights of inheritance, with the stipulation that the deceased’s share goes to the other person automatically should either die prematurely. By direct written request of the [then] deceased that the Executor (if chosen) distribute the funds from the sale that was pending (her share thereof) before the departure of said person. Would the stipulations of Her last will trump the first Will?
I am partially familiar with Contract Law (but I am not a Lawyer though) and I know that in certain cases one Will trumps the other but this is very technical question.
I am thinking that the answer is YES, but I want to be certain.
Thanks. xoxo?
*thinks* Maybe I should simplify?
“Courtney” and “Joshua” receive an inheritance of equal percentages of owned intellectual properties through a Will. A stipulation in the Will exists that should either one prematurely pass on, the full amount of the [then] deceased’s share would go to the other remaining living person (i.e, if “Courtney” dies, “Joshua” gets her share, and vice versa.).
“Courtney” and “Joshua” are then in the process of selling the inherited intellectual properties by a spoken granted permission to the Executor of the first Will. “Courtney” then has a Will drawn up stating what she wishes to be done with her share if and when the sale is finalized. On purpose She dies prematurely somehow just before the deal is finalized.
Would her last wishes (Will) be honoured after the sale or would the stipulations of the first Will (regarding her share of the inheritance) stand?
Are we clear now? Thanks xoxo?
((SORRY. Due to certain details the Q had to be deleted and reposted *sighs*))
*edit* For you Megs, sure why not?
Then “Courtney” can tell you all of the Drama. She was so pleased, as sad as she’s been lately, to turn on the Tele and watch as she was again being mocked (this time again with untrue rumours about her to start) being incorporated into an episode of a now never to be watched again show.
*thinks* Well honey, it’s a long story … but if you’ve got time and coffee we can chat about it. xoxo?
Skye Chesbro















February 26th, 2010 at 5:56 pm
Can we just go get drinks with Courtney and Joshua and deal with this tomorrow?
I’ll bring paste, too, if you want a snack.
February 26th, 2010 at 7:39 pm
Your answer…Yes it can be…