How much would eric have received from the estate


Problem

The terms of a will currently undergoing probate are: "A gift to my brother Chris of $40,000 cash: to my son Eric, $75,000 from my Redstone Savings Bank account: and to my daughter Lauryn, all of my remaining property". At the time of death, the balance in the savings account was $60,000, and there was additional cash (after payment of funeral expenses and all claims against the estate) of $95.000.

The decedent resided in a state that treats a demonstrative legacy shortfall as a general legacy. How much would Eric have received from the estate?

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Financial Accounting: How much would eric have received from the estate
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