L and C, a married couple just got to know about the death of their friend named L. The couple was shocked at the news that their friend had the will and the proper estate planning and C realizes that has a will and starts to think about the future of his children. R made them aware about the estate planning and let them know about the importance to have a will and steps of estate planning. The net worth of L and C, calculated by the attorney was about a million. Dying intestate is the word for the person who dies without a will or estate planning. Characters in the case: The characters in the case are as follows: A couple named Misses L and Mr. C, The friend of couple named Mr. L, Miss R, an estate planner. Adequate information: There is a proper process of estate planning as told about the first step by the estate planner named R. To determine: The first step of estate planning.

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Chapter 19, Problem 2FPC

Summary Introduction

Case summary:

L and C, a married couple just got to know about the death of their friend named L. The couple was shocked at the news that their friend had the will and the proper estate planning and C realizes that has a will and starts to think about the future of his children. R made them aware about the estate planning and let them know about the importance to have a will and steps of estate planning. The net worth of L and C, calculated by the attorney was about a million. Dying intestate is the word for the person who dies without a will or estate planning.

Characters in the case: The characters in the case are as follows:
A couple named Misses L and Mr. C,
The friend of couple named Mr. L,
Miss R, an estate planner.

Adequate information: There is a proper process of estate planning as told about the first step by the estate planner named R.

To determine:

The first step of estate planning.

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