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 Lila have received from the estate?

Question

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From the will, David gets $25,000 and James gets $50,000 from the savings account, leaving a balance of $15,000 in the savings account. This $15,000, along with the additional cash of $70,000, gives a total estate value of $85,000. Lila is entitled to all the remaining property, so she would receive $85,000 - $25,000 - $50,000 = $10,000 (remaining from the savings account) + all other property. Therefore, Lila would receive $10,000 + $40,000 (value of remaining savings account) = $50,000.

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