Question
The provisions of a will currently undergoing probate are: Two thousand shares of Ranger stock to my son; $50,000 in cash from my Peoples Savings
The provisions of a will currently undergoing probate are: Two thousand shares of Ranger stock to my son; $50,000 in cash from my Peoples Savings Bank account to my brother; $75,000 in cash to my daughter; and any remaining property divided equally between my son and daughter.
Assume that the estate included 1,500 shares of Ranger stock, $44,000 cash in the savings account, and $90,000 in cash from other sources. The decedent resided in a state that treats a demonstrative legacy shortfall as a general legacy. What would the daughter have received from the settlement of the estate?
Multiple Choice
$70,500 cash.
$69,000 cash.
$75,000 cash.
$60,000 cash.
$79,500 cash.
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