Richard's will leaves $5,000 to his two children,Sam and Sara.When Richard dies,he only has $8,000 to honor his bequests.Sam and Sara each receive $4,000.This is

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An abatement occurs when there is not enough money in the estate to fulfill all of the bequests. In this case, Richard left $10,000 to his two children, but there was only $8,000 in the estate, resulting in abatement or reduction of the bequests. Sam and Sara each received $4,000 instead of the intended $5,000.

Richard's Will Leaves $5,000 to His Two Children,Sam and Sara