Hubert and Wilma married in 1960. Hubert died in 1998 and left everything to his wife. Wilma's current estate is valued
Posted: Fri Mar 04, 2022 9:41 am
Hubert and Wilma married in 1960. Hubert died in 1998 and left
everything to his wife. Wilma's current estate is valued at
$1,500,000; a home, a cottage, and savings, each with a value of
$500,000. Wilma is now eighty-two and is in the process of updating
her will. She is not sure how to distribute her estate amongst her
three sons David, Siegfried, and Roy. She is meeting with you, her
financial planner, for some advice.One option Wilma is considering
is to leave the cottage to David, the house to Siegfried and the
remainder to Roy.
Is this a good idea, and why?
a.
No, because Siegfried will not receive the same amount as the
others
b.
Yes, because each child will receive property of equal value
c.
No, because Roy will not receive the same amount as the others
d.
No, because David will not receive the same amount as the
others
everything to his wife. Wilma's current estate is valued at
$1,500,000; a home, a cottage, and savings, each with a value of
$500,000. Wilma is now eighty-two and is in the process of updating
her will. She is not sure how to distribute her estate amongst her
three sons David, Siegfried, and Roy. She is meeting with you, her
financial planner, for some advice.One option Wilma is considering
is to leave the cottage to David, the house to Siegfried and the
remainder to Roy.
Is this a good idea, and why?
a.
No, because Siegfried will not receive the same amount as the
others
b.
Yes, because each child will receive property of equal value
c.
No, because Roy will not receive the same amount as the others
d.
No, because David will not receive the same amount as the
others