Complete the checklist of documents and create a statutory will for surviving spouse

(Group A) and for a married person with children (Group B)

On page 174 assignment 5.5 #1 (Group A) and #2 (Group B)

Names: Stephen DOB 1-1-1940 and Audrey Maxwell. (2-1-1945)

Address: 555 Will Lane, Glendale California, 90201.

They are 2 teams Team A and Team B. Each person has a role and task to complete.

Assets: Life Insurance policy worth $200,000.00. A residential home worth, $400,000.00, dodge pick up truck with $7,000.00, $40,000.00 in stocks. 401 k plan worth $73,000.00.

Liabilities: $18,000 mortgage, $8,000.00 credit card debt, $2,500 property taxes owed.

Calculate the net worth for the decease person.

Complete the family data check list, Family Adviser checklist, Asset & Liabilities check list, Life Insurance data, Records and documents checklist and determine the rights to inheritance for the surviving spouse (Group A) and children (Group B) by the assignment due date.

If you have questions please let me know.

Thank you.