Question
Roland and Cathy have the following assets and liabilities: Checking and Savings Accounts JTWROS $145,000 Money Market Account JTWROS $105,000 Mutual Fund JTWROS $360,000 Stocks
Roland and Cathy have the following assets and liabilities:
| Checking and Savings Accounts | JTWROS | $145,000 |
| Money Market Account | JTWROS | $105,000 |
| Mutual Fund | JTWROS | $360,000 |
| Stocks | Cathy | $1,300,000 |
| Vacation Home | Cathy | $325,000 |
| GGHG Company | Roland | $19,200,000 |
| 401(k) Plan | Roland | $595,000 |
| Furniture and Household Goods | Cathy | $375,000 |
| Jewelry and Gems | Cathy | $200,000 |
| Automobiles | Roland | $92,000 |
| Life Insurance | Roland | $3,000,000 |
| Primary Residence | JTWROS | $1,500,000 |
| Mortgage on Residence | JTWROS | $425,000 |
| Debts | Roland | $224,000 |
| Car Loans | Roland | $35,000 |
| Unpaid Medical Bills | Cathy | $20,000 |
Assuming that Roland and Cathy each will pay $125,000 in state estate taxes, and that funeral and estate expenses will be $40,000 each, what is the value of Cathys gross estate?
| a. | $3,255,000 | |
| b. | $3,420,000 | |
| c. | $24,107,000 | |
| d. | $30,452,000 |
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
