Ch19-1

Marie Hardys will has the following provisions: "I leave the cash balance deposited in the First National Bank (up to a total of $52,200) to Jack Abrams. I leave $18,800 cash to Suzanne Benton. I leave 1,090 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed." Assume that the estate has the following assets: $36,600 cash in the First National Bank, $17,000 cash in the New Hampshire Savings and Loan, 850 shares of Coca-Cola stock, 1,230 shares of Xerox stock, a house, and other property valued at $14,000. What distributions will be made from this estate? Assume that the estate has the following assets: $56,700 cash in the First National Bank, $6,800 cash in the New Hampshire Savings and Loan, 1,230 shares of Coca-Cola stock, 590 shares of Xerox stock, and other property valued at $30,000. What distributions will be made from this estate?

\begin{tabular}{|l|l|l|l|l|} \hline & & & & \\ \hline a. & Cash & Jack Abrams & & \\ \hline & Cash & Suzanne Benton & & \\ \hline & Coca-Cola stock & Cindy Cheng & & \\ \hline & House & Dennis Davis & & \\ \hline & Other property & Wilbur N. Ed & Jack Abrams & \\ \hline b. & Cash & Suzanne Benton & & \\ \hline & Cash & Cindy Cheng & & \\ \hline & Coca-Cola stock & Dennis Davis & & \\ \hline & House & Wilbur N. Ed & & \\ \hline & Other property & Shmmanm & \\ \hline \end{tabular}