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Nicanor, head of the family, died in 2020. The list of his properties is given below: House and lot (family home) Php 25,000,000 Cash in
Nicanor, head of the family, died in 2020. The list of his properties is given below:
House and lot (family home) Php 25,000,000
Cash in bank (Philippines) Php 5,000,000
Jewelries Php 5,000,000
Personal properties Php 5,000,000
During settlement of estate, the following information were provided:
Funeral and judicial expenses Php 1,000,000
Claims against estate (unpaid medical expenses) Php 2,000,000
Claims against the estate (loan) Php 2,000,000
Losses Php 2,000,000
How much is the NET DISTRIBUTABLE ESTATE?
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