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Mrs. Pulido, a Filipina residing in Malabon died a widow on October 1, 2000, leaving the following properties: A parcel of land in New York

Mrs. Pulido, a Filipina residing in Malabon died a widow on October 1, 2000, leaving the following properties: A parcel of land in New York Php 1, 000, 000 House and lot (conjugal family home) 600, 000 Claim against an insolvent individual 25, 000 Cash in bank (current account) 50, 000 Proceeds of life insurance with the only daughter as an irrevocable beneficiary 100, 000 Shares of stocks in a foreign corp. based in the US 450, 000 Car in Ireland 125, 000 Total Php 2, 650, 000 The deductions claimed are as follows: Funeral expenses Php 125, 000 Medical expenses 275, 000 Judicial expenses 17, 500 Claims against the estate 36, 250 Claims against an insolvent individual 25, 000 Real property tax for 2001 5, 000 Family home allowance 500, 000 Total Php 983, 750 How much is the total allowable deductions from gross estate?

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The total allowable deductions from the gross estate would be Php 983750 This is calculated by ... blur-text-image

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