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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 $53,900) to
Marie Hardy's will has the following provisions:
"I leave the cash balance deposited in the First National Bank (up to a total of $53,900) to Jack Abrams. I leave $19,500 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."
- Assume that the estate has the following assets: $39,000 cash in the First National Bank, $16,700 cash in the New Hampshire Savings and Loan, 970shares of Coca-Cola stock, 1,450 shares of Xerox stock, a house, and other property valued at $13,200. What distributions will be made from this estate?
- Assume that the estate has the following assets: $58,700cash in the First National Bank, $6,200cash in the New Hampshire Savings and Loan, 1,450shares of Coca-Cola stock, 560shares 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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