Nicanor is survived by the following: his legitimate parents, Mama Bear and Papa Bear, wife Inday, legitimate children LC1 and LC2 and siblings BRO and SIS. Assume that the estate amounts to Php 1,000,000. Which is TRUE? S1 – The share of Inday in the estate is ½ if Nicanor will die intestate being the legitimate wife. S2 – If Nicanor wrote a will, the legitime of LC1 is Php 250,000. Group of answer choices Both are true Both are false S1 is true S2 is true
Nicanor is survived by the following: his legitimate parents, Mama Bear and Papa Bear, wife Inday, legitimate children LC1 and LC2 and siblings BRO and SIS. Assume that the estate amounts to Php 1,000,000. Which is TRUE? S1 – The share of Inday in the estate is ½ if Nicanor will die intestate being the legitimate wife. S2 – If Nicanor wrote a will, the legitime of LC1 is Php 250,000. Group of answer choices Both are true Both are false S1 is true S2 is true
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 28CE
Related questions
Question
45
Nicanor is survived by the following: his legitimate parents, Mama Bear and Papa Bear, wife Inday, legitimate children LC1 and LC2 and siblings BRO and SIS. Assume that the estate amounts to Php 1,000,000. Which is TRUE?
S1 – The share of Inday in the estate is ½ if Nicanor will die intestate being the legitimate wife.
S2 – If Nicanor wrote a will, the legitime of LC1 is Php 250,000.
Group of answer choices
Both are true
Both are false
S1 is true
S2 is true
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning