Question
The terms of a will currently undergoing probate are: A gift to my brother David of $25,000 cash; to my son James, $50,000 from my
The terms of a will currently undergoing probate are: A gift to my brother David of $25,000 cash; to my son James, $50,000 from my Harbor Savings Bank account; and to my daughter Lila, all of my remaining property. At the time of death, the balance in the savings account was $40,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $70,000.
The decedent resided in a state that does not treat a demonstrative legacy shortfall as a general legacy. How much would James have received from the estate?
$50,000.
$40,000.
$30,000.
$25,000.
$45,000.
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