Question

Marie Hardy’s will has the following provisions: "I leave the cash balance deposited in the First National Bank (up to a total of $50,000) to Jack Abrams. I leave $18,000 cash to Suzanne Benton. I leave 1,000 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed."

a. Assume that the estate has the following assets: $41,000 cash in the First National Bank, $16,000 cash in the New Hampshire Savings and Loan, 800 shares of Coca-Cola stock, 1,100 shares of Xerox stock, a house, and other property valued at $13,000. What distributions will be made from this estate? (Make estate distributions in the order mentioned in the question.)

cash Jack 41,000

cash Suzanne 18,000

Coca-Cola Cindy 800 Shares

House Dennis 0

Other property Wilbur ????

The problem needs a $$ amount for Wilbur, and I cannot get it b.

Assume that the estate has the following assets: $55,000 cash in the First National Bank, $6,000 cash in the New Hampshire Savings and Loan, 1,200 shares of Coca-Cola stock, 600 shares of Xerox stock, and other property valued at $22,000. What distributions will be made from this estate? (Make estate distributions in the order mentioned in the question.)

cash Jack 50,000

cash Suzanne 18,000

Coca-Cola Cindy 1000

House Dennis 0

Other property Wilbur ????

Answer 1

assets	jack	suzane	cindy	dennis	wilbur	total
First national bank	41000				0	41000
new himisphere		16000			0	16000
coca cola			800shares		0	800shares
house				house	0	house
xerox stocks					1100 shares	1100 shares
other property					13000	13000

so wilbur will get 1100 shares of Xerox and other property worth $13000.

assets	Jack	Suzane	Cindy	Dennis	Wilbur	total
First national bank	50000				5000	55000
New himespher saving		6000			0	6000
Coca cola shares			1000shares		200shares	1200shares
xerox shares					600shares	600shares
house				house	0	house
Other property					22000	2200

Wilbur will get $5000 of FIrst national bank,200shares of coca cola,600shares of xerox ad $22000 other property