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?

Question

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Eric would receive the entire $60,000 from the Redstone Savings Bank account, as the will specifies that his $75,000 is to come from that account. Since the account only has $60,000, he receives that amount, and the shortfall is not made up from other estate assets because the state does not treat a demonstrative legacy shortfall as a general legacy.

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