Business Law 2?

i.) The entire estate if: a) No descendant or parent of the deceased survives him or her; b) All of the deceased surviving descendants are also descendants of the surviving spouse, and there is no other descendant of the surviving spouse, who survives the deceased.

ii.) The first 25% of the intestate estate, but not less than $50,000.00 nor more than $200,000.00, plus three-fourths of any balance of the intestate estate, if no descendant of the deceased survives the deceased, but a parent of the deceased survives the deceased.

 iii.) The first 25% of the intestate estate, but not less than $50,000.00 nor more than $200,000.00, plus one-half of the balance of the intestate estate: If all of the deceased’s surviving descendants are also descendants of the surviving spouse, and the surviving spouse, has one or more surviving descendants who are not descendants of the deceased; If one or more of the deceased’s surviving descendants is not a descendant of the surviving spouse.

The intestate share of heirs other than surviving spouse,: Any part of the intestate estate not passing to the deceased’s surviving spouse, or the entire intestate estate if there is no surviving spouse, pass in the following order to the individuals designated below who survived the deceased: 

MORE INFORMATION IN PICTURE

Attachment image

1 Answer

Relevance
  • Clive
    Lv 7
    2 weeks ago

    What does this have to do with personal finance?

Still have questions? Get answers by asking now.