Problem $25-50($LO $25-3)($Static$)$

$[$The following information applies to the questions displayed below$]$

Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a church. The First Church of Methodology. The remainder of Tom's assets were to be placed in trust for three children. Tom's estate consisted of the following:

Assets:

Personal assets

Cash and stock

Intangible assets $($film rights$)$

Real estate

Liabilities:

Mortgage

Other liabilities

$\backslash$table$[[$$$800,000$