...above gifts, & after death taxes, the payment of my debts, & the expenses of my funeral & last illness & of thde administration of my property & estatte, costs, expenses of litigation,counsel fees or other charges the Executor may incur shall be given to Mike Smith of san fran ca. free of all death taxes. If Mike Smith does not survive me then "HIS HALF" of this gift shall be divided among his then living children, free of death taxes. I have a high regard for my half brother Mike Smith. Desiring that a significant part of my estate pass to some of the people who are broadly members of my family & recognizing that Mike Smith is elderly & may not survive me. I have in this will made a gift of a large part of my estate to the then living children of Mike Smith.>So who gets the other 50%
The term real estate means land and items permanently attached to it, like buildings. This area of law deals with who has the right to own and use these items.
Understanding wills and estates can help you create a legally binding plan to protect your assets and final wishes, as well as reduce taxes on your estate.
by attorney Kenneth Vercammen
Administrator of Estate where there is No Will and Renunciation to permit adult child to serve