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Marie Hardy's will has the following provisions: I leave the cash balance deposited in the First National Bank (up to a total of $51,500 )
Marie Hardy's will has the following provisions: "I leave the cash balance deposited in the First National Bank (up to a total of $51,500 ) to Jack Abrams. I leave $19,400 cash to Suzanne Benton. I leave 1,250 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." a. Assume that the estate has the following assets: $36,900 cash in the First National Bank, $17,300 cash in the New Hampshire Savings and Loan, 1,050 shares of Coca-Cola stock, 1,400 shares of Xerox stock, a house, and other property valued at $13,000. What distributions will be made from this estate? b. Assume that the estate has the following assets: $57,000 cash in the First National Bank, $5,300 cash in the New Hampshire Savings and Loan, 1,400 shares of Coca-Cola stock, 680 shares of Xerox stock, and other property valued at $29,000. What distributions will be made from this estate? (Make estate distributions in the order mentioned in the question.)
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