Rasmussen College Land Property Transfer Facts & Issue Presented Memorandum

Question Description

Purpose of Assignment: This assignment enforces the ability to differentiate between and summarize property and estate planning and processes.

Course Competency: Explain the basic laws pertaining to property and estate planning.

Instructions:

Content:

The firms client, John Waterville, would like to dispose of two pieces of land. He would like to transfer one piece of property to his son before he passes away, and one after he has passed away. He would like the transfers to be as simple as possible for his son while minimizing cost. He has never dealt with transferring property and would like to know about the various options for transferring the properties to his son. Your supervising attorney has asked you to prepare a short legal memo to the client to explain and compare the following:
- Explain the process of transferring property to Johns son now
- Explain the process of transferring property to Johns son through a Transfer on Death Deed
- Explain the process of transferring property to Johns son through the use of a will or trust

Format:

Your legal memo should be 1-2 pages in length, with at least three references formatted according to Bluebook standards.
Your legal memo should contain the following sections:
- Heading or Caption
- Facts
- Issue(s) Presented
- Answer to Issue
- Reasoning or Discussion
- Conclusion

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