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Jerry Tasch's will has the following provisions: - $150,000 in cash goes to Thomas Thorne. - All shares of Coca-Cola go to Cindy Phillips. -
Jerry Tasch's will has the following provisions: - $150,000 in cash goes to Thomas Thorne. - All shares of Coca-Cola go to Cindy Phillips. - Residence goes to Kevin Simmons. - All other estate assets are to be liquidated with the resulting cash going to the First Church of Freedom, Missouri. a. Discovered the following assets (at fair value): b. Collected interest of $7,000. c. Paid funeral expenses of $20,000. d. Discovered debts of $40,000, e. Located an additional savings account of $12,000. f. Conveyed title to the residence to Kevin Simmons. 9. Collected life insurance policy. h. Discovered additional debts of $60,000. Paid debts totaling $100,000. 1. Conveyed cash of $150,000 to appropriate beneficiary. J. Sold the shares of Polarold for $112,000. k. Paid administrative expenses of $10,000
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