Question
The terms of a will currently undergoing probate are: A gift to my brother Chris of $40,000 cash; to my son Eric, $75,000 from my
The terms of a will currently undergoing probate are: A gift to my brother Chris of $40,000 cash; to my son Eric, $75,000 from my Redstone Savings Bank account; and to my daughter Lauryn, all of my remaining property. At the time of death, the balance in the savings account was $60,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $95,000.
The decedent resided in a state that does not treat a demonstrative legacy shortfall as a general legacy. How much would Eric have received from the estate?
Multiple Choice
$35,000.
$40,000.
$25,000.
$60,000.
$75,000.
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