Question: K. T. Tim has been appointed to serve as executor for the estate of Ms. Melanie Triciao, who passed away on august 15, 2013. Ms.
K. T. Tim has been appointed to serve as executor for the estate of Ms. Melanie Triciao, who passed away on august 15, 2013. Ms. Tricia's assets consist of the following
Asset Book Value Fair Value
Cash $118,225 $118,225
Savings account $250,000 $250,000
ViaReggio common stock $67,500 $225,000
City of Roma municipal bonds $381,500 $412,000
Mercedes sports car $57,500 $41,000
Condominium on Italian Riviera $399,700 $1,265,500
Atlanta personal residence $225,700 $430,000
Collection of rare hand puppets $11,145 $85,000
Fully restored Model T Ford $1,750 $125,000
The probate court has ruled that other person effects may be excluded from the estate inventory.
Prepare the estate inventory as of August 15, 2013
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
