On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000
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Question:
On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000 of net distributable estate. He also left behind Tessie, his legitimate wife; Rhealyn, his legally adopted daughter; Cristina, his legitimate daughter, and; Janice, his illegitimate daughter.
His mother and some relatives showed interest in receiving shares of his estate. They are Vicky, his mother; Joseph, his uncle and Cherry, his aunt.
Compute the distribution of the net estate under the following mode of succession:
- 1. Testamentary succession
- 2. Intestate succession
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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