Jim Murrary and Phyllis Lowe recieved a total of $250,0000 from a deceased relatives estate?
Chelsey m asked:
They decided to put away $50,000 dollars in a trust fund for their child and divide the remainder into 3/4 for Phyllis and 1/4 for Jim. How much will Phyllis and Jim recieve?
sorry they recieved $250,000
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Tagged With 0000, Deceased Relatives, Remainder
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3 Responses to “Jim Murrary and Phyllis Lowe recieved a total of $250,0000 from a deceased relatives estate?”
$250,0000 - $50,0000 to the trust fund leaves
$200,0000 to be divided 3:1
P gets $150,0000
J gets $50,0000
$250,000-50,000=200,000
you were asking for how much they recieved as a whole not EACH. so they recieved $200,000.
Phyllis received $150,000 and Jim got $50,000 - both amounts BEFORE taxes, of course!!