Roger died intestate survived by his wife, Ann, and by their one child, Mark. The value of the probate estate available for distribution is $240,000. How.

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Presentation transcript:

Roger died intestate survived by his wife, Ann, and by their one child, Mark. The value of the probate estate available for distribution is $240,000. How should Roger's estate be distributed? A. $120,000 to Ann; $120,000 to Mark B. $160,000 to Ann; $80,000 to Mark C. $240,000 to Ann; nothing to Mark (correct) D. $240,000 to Mark; nothing to Ann

Would it have made a difference in the distribution if Roger's estate had been valued at $20,000,000 instead of $240,000? Would the child, Mark, have received a share? A. Yes. Mark would share the estate with Ann equally B. Yes. Ann would take $300,000 off the top, and the remainder would be shared equally between Ann and Mark C. Yes. Mark would take a one-fourth share of the estate and Ann a three-fourths share D. No. Ann would still take the entire estate. (correct)

Roger died intestate survived by his wife, Ann, and by his one child, Mark, from a prior marriage. The value of the probate estate available for distribution is $240,000. How should Roger's estate be distributed? A. $120,000 to Ann; $120,000 to Mark B. $160,000 to Ann; $80,000 to Mark C. $195,000 to Ann; $45,000 to Mark (correct) D. $240,000 to Ann; nothing to Mark

Roger died intestate survived by his wife, Ann, and his mother and father. The value of the estate available for distribution is $340,000. How should Roger's estate be distributed? A. $340,000 to Ann; nothing to Roger's parents B. $330,000 to Ann; $10,000 to Roger's parents equally (correct) C. $270,000 to Ann; $70,000 to Roger's parents equally D. $160,000 to Ann; $160,000 to Roger's parents equally

Roger died intestate survived by his wife, Ann, by their one son, Mark, and by Ann’s daughter, Lisa, from a prior marriage. The value of the probate estate available for distribution is $240,000. How should Roger's estate be distributed? A. $240,000 to Ann; nothing to Mark B. $230,000 to Ann; $5,000 each to Mark and Lisa C. $232,500 to Ann; $7,500 to Mark (correct) D. $170,000 to Ann; $35,000 each to Mark and Lisa

Jennifer died intestate. Her two sons had predeceased her. One of the predeceased sons left a child, Amy, and the other son left two children, Mark and Sam. After payment of debts and taxes, Jennifer's estate is valued at $120,000. How should Jennifer's estate be distributed? A. $40,000 each to Amy, Mark and Sam (correct) B. $60,000 to Amy; $30,000 each to Mark and Sam

Jennifer died intestate. She was survived by a daughter Heather, but her two sons predeceased her. One of the predeceased sons left a child, Amy, and the other son left two children, Mark and Sam. After payment of debts and taxes, Jennifer's estate is valued at $120,000. How should Jennifer's estate be distributed? A. $30,000 each to Heather, Amy, Mark and Sam B. $40,000 to Heather, $40,000 to Amy, and $20,000 each to Mark and Sam C. $40,000 to Heather, $26,666 each to Amy, Mark and Sam (correct) D. All to Heather

Jennifer died intestate. She had no surviving children, but she was survived by her mother and by two sisters. After payment of debts and taxes, Jennifer's estate is valued at $120,000. How should Jennifer's estate be distributed? A. $120,000 to Jennifer's mother. (correct) B. $80,000 to Jennifer's mother; $20,000 each to the sisters. C. $60,000 to Jennifer's mother; $30,000 each to the sisters. D. $40,000 each to Jennifer's mother and sisters.

Bella has three children, Brian, Bonnie, and Crystal. Brian died and left his entire estate to his wife, Jodi. Bella then dies intestate survived by Bonnie, Crystal and Jodi. Her estate is worth $300,000. How should it be distributed? A. $100,000 each to Bonnie, Crystal and Jodi B. $100,000 each to Bonnie, Crystal and Brian's estate C. $150,000 each to Bonnie and Crystal (correct) D. $300,000 to Jodi

Gerry dies having never married not having children. His only sister, Suzanne, predeceased him. Gerry is survived by Suzanne's husband, Mike and her four sons, Jamie, Jordan, Jared, and Jacob, and his grandfather, Paul. How should Gerry's $200,000 estate be distributed? A. $40,000 each to Mike, Jamie, Jordan, Jared, and Jacob. B. $50,000 each to Jamie, Jordan, Jared, and Jacob. (correct) C. $200,000 to Mike. D. $200,000 to Paul.

Suppose that Jennifer was survived by her maternal grandfather, by an uncle who is the issue of her deceased paternal grandparents, and by two cousins who are the issue of a predeceased aunt who was a child of her deceased paternal grandparents. How should Jennifer's estate of $120,000 be distributed? A. $40,000 to the maternal grandfather, $40,000 to the uncle and $20,000 each to the cousins. B. $60,000 to the maternal grandfather, $20,000 each to the uncle and the cousins. C. $120,000 to the maternal grandfather. D. $60,000 to the maternal grandfather, $30,000 to the uncle and $15,000 each to the cousins. (correct)