Multiple Choice
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 Lauryn have received from the estate?
A) $0.
B) $35,000.
C) $40,000.
D) $55,000.
E) $95,000.
Correct Answer:
Verified
Correct Answer:
Verified
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