In her Will, Saya left her investment bonds worth $375,000 to her son Joshua, and designated her daughter Sylvia as the beneficiary of her $375,000 insurance policy. When Saya died, the investment bonds had dropped in value and were now only worth $300,000 (Saya had sold some before she died). What will happen to her son Joshua's inheritance under Saya's Will? Joshua's inheritance will lapse because of the insufficient funds in Saya's estate. Joshua will receive $300,000 with no other recourse. This is abatement. Joshua will receive $300,000 with no other recourse. This is ademption. Joshua can claim $75,000 from the proceeds of the insurance policy payable to Sylvia