Question
John and Mary live in a community property regime with their three children. The community property regime entitles a surviving spouse to receive one-half of
John and Mary live in a community property regime with their three children. The community property regime entitles a surviving spouse to receive one-half of the community property after the first spouses death. There are also forced heirship laws in their country that entitle a spouse to one-third of the total estate and the children are entitled to split one-third of the total estate. After their marriage, John received an inheritance that was retained as separate property and is worth 100,000 today. The remainder of the estate is considered community property. Suppose he passes away today with a total estate of 400,000 and wishes to bequeath 150,000 to his surviving mother.
a. Calculate the minimum amount that Mary should receive.
b. Calculate the minimum amount the children should receive under forced heirship rules.
c. Comment on whether John bequeaths 150,000 to his mother.
Question 11. John and Mary live in a community property regime with their three children. The community property regime entitles a surviving spouse to receive one-half of the community property after the first spouse's death. There are also forced heirship laws in their country that entitle a spouse to one-third of the total estate and the children are entitled to split one-third of the total estate. After their marriage, John received an inheritance that was retained as separate property and is worth 100,000 today. The remainder of the estate is considered community property. Suppose he passes away today with a total estate of 400,000 and wishes to bequeath 150,000 to his surviving mother. a. Calculate the minimum amount that Mary should receive. [8 marks] b. Calculate the minimum amount the children should receive under forced heirship rules. [4 marks] c. Comment on whether John bequeath 150,000 to his mother. [8 marks] Question 11. John and Mary live in a community property regime with their three children. The community property regime entitles a surviving spouse to receive one-half of the community property after the first spouse's death. There are also forced heirship laws in their country that entitle a spouse to one-third of the total estate and the children are entitled to split one-third of the total estate. After their marriage, John received an inheritance that was retained as separate property and is worth 100,000 today. The remainder of the estate is considered community property. Suppose he passes away today with a total estate of 400,000 and wishes to bequeath 150,000 to his surviving mother. a. Calculate the minimum amount that Mary should receive. [8 marks] b. Calculate the minimum amount the children should receive under forced heirship rules. [4 marks] c. Comment on whether John bequeath 150,000 to his mother. [8 marks]Step by Step Solution
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