Question
This is a question from my wills and trusts class. Question #1: Decedent dies owning these assets: $500,000 vacation home as tenants in common with
This is a question from my wills and trusts class.
Question #1:
Decedent dies owning these assets:
$500,000 vacation home as tenants in common with his brother;
$1,000,000 residence owned jointly with right of survivorship with his wife;
$1.5 million life insurance policy payable in equal shares to wife, kids, and decedent's alma mater;
$250,000 individual retirement account payable half to spouse, half to kids;
If the decedent's will provides that half his estate will pass to his wife and half to his children, what is the value of the decedent's estate passing to his wife under the provisions of his will?
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