Dan makes a will leaving a specific sum of money to each surviving rela?tive.The assets of Dan's estate are not enough to make all of the gifts in full.This situation requires

Question

Quizplus · Accepted Answer

When the assets of an estate are not enough to fulfill all of the gifts left in the will, an abatement occurs. This means that the gifts left in the will will be reduced proportionally in order to pay off any debts or expenses of the estate first.

Dan Makes a Will Leaving a Specific Sum of Money