Testator executes the following will: I give my Amazon stock to my nephew Karl. I give 1,000 shares of HP stock to my granddaughter Laura. I give $10,000 to my granddaughter Olivia. I give the residue to my grandson Paul. Testator sells both her Amazon and HP stock. The Amazon stock is sold for $10,000 and the HP stock is sold for $30,000. When Testator dies, there is only $200,000 in the estate. (Note: On the date of Testator's death, HP stock has gone down in value and 1,000 shares are worth $20,000 and Amazon has gone up and now would be worth $40,000.) How much does Karl receive?  

Answer rating: 100% (QA)

To determine how much Karl receives we need to calculate the distribution of the estate based on ... View the full answer