Marie Hardy\'s will has the following provisions: I leave the cash balance depos

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? 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, 600o shares of Xerox stock, and other property valued at $22,000. What distributions will be made from this estate?

Explanation / Answer

a)
Cash- Jack Abrams- $41,000
Cash- Suzanne Benton- $18,000
Coca-Cola Stock- Cindy Cheng- 800 Shares
House- Dennis Davis
Other Property- Wilbur N. Ed

b)
Cash-Jack Abrams-$50,000
Cash-Suzanne Benton-$18,000
Coca-Cola Stock-Cindy Cheng-1,000 shares House-Dennis Davis
Other Property-Wilbur N. Ed.

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