Question
Marie Hardys will has the following provisions: I leave the cash balance deposited in the First National Bank (up to a total of $52,200) to
Marie Hardys will has the following provisions:
"I leave the cash balance deposited in the First National Bank (up to a total of $52,200) to Jack Abrams. I leave $18,800 cash to Suzanne Benton. I leave 1,090 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed."
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Assume that the estate has the following assets: $36,600 cash in the First National Bank, $17,000 cash in the New Hampshire Savings and Loan, 850 shares of Coca-Cola stock, 1,230 shares of Xerox stock, a house, and other property valued at $14,000. What distributions will be made from this estate?
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Assume that the estate has the following assets: $56,700 cash in the First National Bank, $6,800 cash in the New Hampshire Savings and Loan, 1,230 shares of Coca-Cola stock, 590 shares of Xerox stock, and other property valued at $30,000. What distributions will be made from this estate?
(Make estate distributions in the order mentioned in the question.)
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