How much is the gross estate of Don Sebastian? 

 

Don Sebastian, single but head of the family, Filipino, and resident of Pasig City, died intestate on November 15, 2009. He left the following properties and interests: House and lot (family home) in Pasig Vacation house and lot in Florida, USA Agricultural land in Naic, Cavite which he inherited from his father Car which is being used by his brother in Cavite Proceeds of life insurance where he named his estate as irrevocable beneficiary Household furnitures and appliances Claims against a cousin who has assets of P10,000 and liabilities of P100,000 Shares of stock in ABC Corp, a domestic enterprise The expenses and charges on the estate are as follows: Funeral Expenses Legal fees for the settlement of the estate Medical expenses of last illness Claims against the estate P 800,000 1,500,000 2,000,000 500,000 1,000,000 1,000,000 100,000 100,000 P 250,000 500,000 600,000 300,000