The Terms of a Will Currently Undergoing Probate Are: "A

question 70

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 Eric have received from the estate?

• A) $75,000.
• B) $60,000.
• C) $25,000.
• D) $40,000.
• E) $35,000.

---

Definitions:

Consideration

A leadership behavior focusing on creating mutual respect or trust and focuses on a concern for group members' needs and desires.

Mutual Trust

A reciprocal belief in the reliability, truth, ability, or strength of all parties involved in a relationship or transaction.

Two-Way Communication

A form of communication where information flows in both directions, allowing for feedback and interaction.

Respect

An attitude of admiration or deference towards others, acknowledging their abilities, qualities, or achievements.