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 treats a demonstrative legacy shortfall as a general legacy. How much would Lauryn have received from the estate?
Multiple Choice
$55,000.
$0.
$40,000.
$95,000.
$80,000.
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