Terry lives in a province where probate fees are $8 per $1,000 on the first $50,000 and $15 per $1,000 or part thereof on the value that exceeds $50,000. The province also establishes a preferential share amount of $50,000 and a beyond preferential share amount where the surviving spouse is entitled to one third of the proceeds and the residual proceeds are distributed equally to the children of the intestate in equal shares per stirpes. In 2018, Terry suddenly passed away leaving an Estate valued at $245,000. Terry had two young children, one of which was with his current wife Daya and the other from his former spouse Bonita.

Calculate the probate fees that Terrys estate will incur.

Question options:

$2,100

$2,450

$2,925

$3,325

Calculate the beyond preferential share amounts from the information provided in question above:

	Daya = $50,000, Child #1=$50,000, Child #2 = $50,000
	Daya = $50,000, Child #1 = $63,892, Child #2 = $63,892
	Daya = $63,892, Child #1 = $63,892, Child #2 = $63,892
	Daya = $113,892, Child #1 = $63,892, Child#2 = $63,892