Planit:Estate Analysis of Expenses and Distributions Exercise

You are expanding on your estate analysis for Walter and Alice Black, who are beginning to get concerned about the value of estate they will have to pass on. They have told you that they would like to plan for burial costs of {{{burial cost}}} and probate and other fees at a rate of {{{probate and other fees}}}. They each have a will and power of attorney for property. Their will was re-drafted last on January 1st, eight years ago.

Walter would like to give {{{Amount to charity}}} to {{{charity}}}, a registered charity, followed by $50000 to his children. The residual beneficiary for Walter’s estate is Alice. {{{Female name}}} wants to give $300000 of her estate to Walter, and then $15000 to her sister. The residual beneficiaries for Alice’s estate are her children.

• What is the total distribution to Alice if Walter dies first?
• What is the total distribution to their children if Alice dies first?

You are expanding on your estate analysis for Walter and Alice Black, who are beginning to get concerned about the value of estate they will have to pass on. They have told you that they would like to plan for burial costs of {{{burial cost}}} and probate and other fees at a rate of {{{probate and other fees}}}. They each have a will and power of attorney for property. Their will was re-drafted last on January 1st, eight years ago.

Walter would like to give {{{Amount to charity}}} to {{{charity}}}, a registered charity, followed by the remainder to his children. The residual beneficiary for Walter’s estate is Alice. {{{Female name}}} wants to give £350,000 of her estate to Walter, and then £15,000 to her sister. The residual beneficiaries for Alice’s estate are her children.

• What is the total distribution to Alice if Walter dies first?
• What is the total distribution to their children if Alice dies first?

You are expanding on your estate analysis for Lee Ming and Lee An {{{Last Name}}}, who are beginning to get concerned about the value of estate they will have to pass on. They have told you that they would like to plan for burial costs of {{{burial cost}}} and probate and other fees at a rate of {{{probate and other fees}}}. They each have a will and power of attorney for property. Their will was re-drafted last on January 1st, eight years ago.

Lee Ming would like to give {{{Amount to charity}}} to {{{charity}}}, a registered charity, followed by 0 to his children. The residual beneficiary for Lee Ming’s estate is Lee An. {{{Female name}}} wants to give 0 of her estate to Lee Ming, and then 0% to her sister. The residual beneficiaries for Lee An’s estate are her children.

• What is the total distribution to Lee An if Lee Ming dies first?
• What is the total distribution to their children if Lee An dies first?

You are expanding on your estate analysis for Ming An and Elsie Lee {{{Last Name}}}, who are beginning to get concerned about the value of estate they will have to pass on. They have told you that they would like to plan for burial costs of {{{burial cost}}} and probate and other fees at a rate of {{{probate and other fees}}}. They each have a will and power of attorney for property. Their will was re-drafted last on January 1st, eight years ago.

Ming An would like to give {{{Amount to charity}}} to {{{charity}}}, a registered charity, followed by 100,000 to each of 5 kids to his children. The residual beneficiary for Ming An’s estate is Elsie Lee. {{{Female name}}} wants to give $240,000 of her estate to Ming An, and then 5% to her sister. The residual beneficiaries for Elsie Lee’s estate are her children.

• What is the total distribution to Elsie Lee if Ming An dies first?
• What is the total distribution to their children if Elsie Lee dies first?