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Jason and Vickie are married and florists. They have always been intrigued by the subtle scents of various flowers and how they could be melded
Jason and Vickie are married and florists. They have always been intrigued by the subtle scents of various flowers and how they could be melded together to create still new scents. Often, after they closed their florist shop for the day, they would spend hours in their shop smelling different combinations of flowers. They pressed flower petals together, mixing their oils and comparing the different scents. In time, their older daughter, Liza, joined them, and together they developed formulas for different perfumes. Liza then suggested that they develop scents for soaps and skin lotions. The three formed a company, Sweet Scents, Inc. (SSI), to market their products. Soon, those products gained prominent position in the scented products market. Jason and Vickie's other two children, Martin and Mary, do not work in the business. Each Jason, Vickie and Liza own one-third of the company's shares. Over the years, Jason and Vickie declined numerous offers to buy the company. Liza wanted to sell her shares, but buyers insisted on receiving a majority share. Jason and Vickie believed that their success was in their personal attention to every detail of research and production. They also were very frugal, preferring to keep the company's profits within the company for reinvestment. As a consequence, the company has almost no debt. An appraiser recently valued the company at $100 million. A. Suppose Jason dies intestate. Describe the likely distribution of his estate. Explain why
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