William, a widower, duly executed a will, dated February 1, 2001. It reads as follows: ONE: I leave my stamp collection to those persons whose names appear from time to time on a memo that can be found in the drawer of my night table in my home. TWO: I leave the balance of my estate to the Trustees of The William Revocable Trust, dated January 31, 2001, between myself, as grantor, and the Faithful Trust Company, as Trustee to hold in trust there under. Under the terms of William's Revocable Trust, income is payable to William for life, remainder to William's children, Tilly and Rita, in equal shares. William died on December 30, 2007. Tilly predeceased William, having died on October 15, 2007. Her son, Allan, age three, survived William. An unsigned and undated memo was found in William's home leaving his entire stamp collection, valued at $150,000, to his cousin, Nellie. In addition, William left stocks and bonds valued at $350,000. Rita, Allan, and Nellie survived William. What rights, if any, does each of the survivors have in the estates of William? Discuss.

William, a widower, duly executed a will, dated February 1, 2001. It reads as follows: ONE: I leave my stamp collection to those persons whose names appear from time to time on a memo that can be found in the drawer of my night table in my home. TWO: I leave the balance of my estate to the Trustees of The William Revocable Trust, dated January 31, 2001, between myself, as grantor, and the Faithful Trust Company, as Trustee to hold in trust there under. Under the terms of William's Revocable Trust, income is payable to William for life, remainder to William's children, Tilly and Rita, in equal shares. William died on December 30, 2007. Tilly predeceased William, having died on October 15, 2007. Her son, Allan, age three, survived William. An unsigned and undated memo was found in William's home leaving his entire stamp collection, valued at $150,000, to his cousin, Nellie. In addition, William left stocks and bonds valued at $350,000. Rita, Allan, and Nellie survived William. What rights, if any, does each of the survivors have in the estates of William? Discuss.