Determine: 1. Total conjugal properties. 2. Total exclusive properties 3. Gross estate TESTI: Mrs. Maka Hiya,...

  

Transcribed Image Text:

Determine: 1. Total conjugal properties. 2. Total exclusive properties 3. Gross estate TESTI: Mrs. Maka Hiya, resident manied to Stove Hlyo died on July 3, 2006. The inventory of properties prepared by the surviving spouse shows the following: Conjugal Exclusive Total 1. House and lot in Zamboango City. 2. House and lot in Zamboanga innorted by Steve Hiya. 3. House and lot in Cotobato inherited by Mrs. Makal Hya 4. Patont, USA, 5. Death benefit from SSS 6. Tax free Government bonds. 7. Accounts receivable deblor in Hongkong. & Apartment inherited from father of decedent 9. Car in Manila 10. Accounts receivable (of which 20% suncollectible! 11. Proceeds of life insurance payable to son executor 12. Proceeds of GSIS Insurance 13. Rental income from apartment in No. 8 14, Jewelres inherited from mother of decedent. 15. Farm in Davao. 16. Land in Guam inherited by the surviving spouse. 17. jewelries brought into mariage by Mrs, Makal Hlya 18. Transfer for insufficient consideration, the property is valued at Jamount received by the decedent. P20.000) 19. San Miguel Corparation stock. [1.000 shores) par valve P20, market value at the time of death P25 per share. 20. Other personal properties in Manila, mode of acquisition unknown. P1.500.000 1.200.000 1.100.000 550.000 360.000 230,000 220,000 570,000 420,000 100,000 200,000 70.000 40,000 20,000 1.300.000 1.400.000 50.000 100.000 130.000 Determine: 1. Total conjugal properties. 2. Total exclusive properties 3. Gross estate TESTI: Mrs. Maka Hiya, resident manied to Stove Hlyo died on July 3, 2006. The inventory of properties prepared by the surviving spouse shows the following: Conjugal Exclusive Total 1. House and lot in Zamboango City. 2. House and lot in Zamboanga innorted by Steve Hiya. 3. House and lot in Cotobato inherited by Mrs. Makal Hya 4. Patont, USA, 5. Death benefit from SSS 6. Tax free Government bonds. 7. Accounts receivable deblor in Hongkong. & Apartment inherited from father of decedent 9. Car in Manila 10. Accounts receivable (of which 20% suncollectible! 11. Proceeds of life insurance payable to son executor 12. Proceeds of GSIS Insurance 13. Rental income from apartment in No. 8 14, Jewelres inherited from mother of decedent. 15. Farm in Davao. 16. Land in Guam inherited by the surviving spouse. 17. jewelries brought into mariage by Mrs, Makal Hlya 18. Transfer for insufficient consideration, the property is valued at Jamount received by the decedent. P20.000) 19. San Miguel Corparation stock. [1.000 shores) par valve P20, market value at the time of death P25 per share. 20. Other personal properties in Manila, mode of acquisition unknown. P1.500.000 1.200.000 1.100.000 550.000 360.000 230,000 220,000 570,000 420,000 100,000 200,000 70.000 40,000 20,000 1.300.000 1.400.000 50.000 100.000 130.000

Answer rating: 100% (QA)

Total conjugal properties House and lot in Zamboanga City P1500200 Cash Treaty bemelt ho... View the full answer