The terms of a will currently undergoing probate are: "A gift to my brother David of $25,000 cash; to my son James, $50,000 from my savings account; and to my Daughter Lila, all of my remaining property." At the time of death, the balance in the savings account was $40,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $70,000.
-How much would James have received from the estate?
A) $50,000.
B) $40,000.
C) $25,000.
D) $45,000.
E) $30,000.
Correct Answer:
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