Ninoy died leaving the following properties: Determine if Conjugal, Exclusive or Gross Estate: Conjugal Exclusive Gross...

 

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Ninoy died leaving the following properties: Determine if Conjugal, Exclusive or Gross Estate: Conjugal Exclusive Gross Estate 1. Value of his interest professional partnership 1,000,000 2. Car in Manila 500,000 3. Bank Deposit 200,000 4. Land in Hawaii, inherited from dead parents 3,000,000 5. Farm in Luzon, inherited by surviving spouse 1,500,000 6. Lot and house in Pasay acquired using conjugal money of spouse 800,000 7. Properties brought into the marriage by decedent 2,500,000 8. Cash representing income of the land in No 4 300,000 9. Death benefits from SSS 200,000 10. Tax free central bank bonds 900,000 11. Trademark registered in Hongkong 1,200,000 12. Accounts Receivable from debtor residing in United States 1,800,000 13. Furnitures in Caloocan, purchased from conjugal funds 700,000 14. Fishpond in Dagupan, donated to surviving spouse during marriage 100,000 15. Proceeds of life insurance, payable to son, irrevocable 3,500,000 16. Proceeds of life insurance, payable executor, irrevocable 1,000,000 17. Proceeds to GSIS Insurance, irrevocable 1,000,000 18. Fair Market Value Shares of stock 400,000 19. Bonds issued by a foreign company which has no business in the Philippines 500,000 20. Other personal properties in Manila made of Ninoy died leaving the following properties: Determine if Conjugal, Exclusive or Gross Estate: Conjugal Exclusive Gross Estate 1. Value of his interest professional partnership 1,000,000 2. Car in Manila 500,000 3. Bank Deposit 200,000 4. Land in Hawaii, inherited from dead parents 3,000,000 5. Farm in Luzon, inherited by surviving spouse 1,500,000 6. Lot and house in Pasay acquired using conjugal money of spouse 800,000 7. Properties brought into the marriage by decedent 2,500,000 8. Cash representing income of the land in No 4 300,000 9. Death benefits from SSS 200,000 10. Tax free central bank bonds 900,000 11. Trademark registered in Hongkong 1,200,000 12. Accounts Receivable from debtor residing in United States 1,800,000 13. Furnitures in Caloocan, purchased from conjugal funds 700,000 14. Fishpond in Dagupan, donated to surviving spouse during marriage 100,000 15. Proceeds of life insurance, payable to son, irrevocable 3,500,000 16. Proceeds of life insurance, payable executor, irrevocable 1,000,000 17. Proceeds to GSIS Insurance, irrevocable 1,000,000 18. Fair Market Value Shares of stock 400,000 19. Bonds issued by a foreign company which has no business in the Philippines 500,000 20. Other personal properties in Manila made of

Answer rating: 100% (QA)

Answer 1 Conjugal 2 Conjugal 3 Gross Estate 4 Gross Estate 5 Conjugal 6 Conjugal 7 Exclusive 8 Gross ... View the full answer