Accounting In January 2020, Mrs. Cristiflor Buduhan, a widow and a Filipino citizen, executed a last will and testament regarding some of her assets as follows: I

inheritance FMV at time of death Heirs_____________

 Real property P4,000,000 

Christopher (her son) Jewelries 1,000,000 

Cristeta (her daughter) Car 200,000 

Crisostomo (driver) In November 1, 2020, Mrs. Buduhan, died. Not included in her last will and testament was her 40% interest in the EGV partnership amounting to P5,000,000 at the time of her death. Her undistributed income from the partnership was P3,000,000 as of November 1, 2020. Actual expenses incurred during the internment are funeral, P200,000, and judicial, P100,000. 

Also there is an unpaid mortgage on the real property amounting to P300,000. How much estate will be given to Christopher? 

How much estate will be given to Cristeta? How much estate will be given to Crisostomo?

Answer rating: 100% (QA)

Step 1 Will is about your wishes to distribute your property in the event of your death Step 2 Partn... View the full answer