Decedent dies owning the following assets 250000 real, Ask an Expert

Finance

Decedent dies owning the following assets: $250,000 real estate owned equally as a tenancy-in-common with his brother; $500,000 residence owned jointly with right-of-survivorship with his wife; $250,000 IRA payable ½ to spouse, ½ to kids; $1 million life insurance policy payable in equal shares to wife, kids, the decedent's college.

What is the value of the decedent's gross estate?
Choose one answer.

a. $ 125,000
b. $ 917,000
c. $1,041,000
d. $1,625,000

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9872294

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Call optionnbspcarol krebs is considering buying 100 shares

Call option Carol Krebs is considering buying 100 shares of Sooner Products, Inc., at $62 per share. Because she has read that the firm will probably soon receive certain large orders from abroad, she expects the price ...

In 2010 47250 air conditioning units were sold in fulton

In 2010 47,250 air conditioning units were sold in Fulton County. Glacial HVAC Inc. sold 3,299 units in 2010, compared to 2009 sales of 3,936 units. Calculate the percent change in Glacial's sales, from 2009 to 2010. Rep ...

A 3d printer company decided on new product features and

A 3D printer company decided on new product features and design after extensive prototyping for its new printer. The company's marketing team created some buzz by posting a YouTube video displaying a variety of projects ...

Financial management how can a financial manager use the

Financial Management How can a financial manager use the time value of money(TVM) concept to accomplish this goal?

What is the present value of 10000 to be received in 6

What is the present value of $10,000 to be received in 6 years? Your required rate of return is 8% per year. Please show the explanation of work so i will be able to figure out other calculations.

Question - a stock is expected to pay a dividend of 075 at

Question - A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price?

Matt johnson delivers newspapers and is putting away 50 at

Matt Johnson delivers newspapers and is putting away ?$50 at the end of each quarter from his paper route collections. Matt is 9 years old and will use the money when he goes to college in 9 years. What will be the value ...

Describe and discuss the cultural factors that influence

Describe and discuss the cultural factors that influence the purchase of the Tesla Model 3?

Please show work ex formula etcyou are given the following

Please show work ex: formula, etc. You are given the following cash flow information. The appropriate discount rate is 6 percent for Years 1-4 and 7 percent for Years 5-10. Payments are received at the end of each year. ...

Question - assume that you recently graduated with a major

Question - Assume that you recently graduated with a major in Finance and you landed a job as a financial planner with a large financial services corporation. The organization where you work has a research-intensive, val ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert