Rules of intestacy-one surviving spouse and children, Financial Accounting

The intestate leaves one surviving spouse and children

The surviving spouse is entitled to:

a. The personal and household effects of the deceased absolutely;

b. A life interest in the whole residue of the net intestate; if the surviving spouse is widow, this interest ceases upon her re—marriage to any other person. On the death of the surviving spouse (or on her re—marriage if she is a widow), the residue of the net intestate estate is equally divided among the children alive at the moment of death (or re—marriage) of the surviving spouse.

Posted Date: 12/13/2012 4:10:31 AM | Location : United States







Related Discussions:- Rules of intestacy-one surviving spouse and children, Assignment Help, Ask Question on Rules of intestacy-one surviving spouse and children, Get Answer, Expert's Help, Rules of intestacy-one surviving spouse and children Discussions

Write discussion on Rules of intestacy-one surviving spouse and children
Your posts are moderated
Related Questions
assess the risk of material misstatement at assertion level

The price stages are that at which sellers recruit securities to borrowers.

Ask questihow to make comparative income statement in good formon #Minimum 100 words accepted#

Trend Analysis Trend analysis is an improvement over year-to-year analysis. When a comparison of financial statements covering more than three years i

Potential sources of finance for very new businesses Initial owner finance is almost always the first source of finance for a business, whether from the owner or from family co

Uncertainty A gift or disposition not expressive of any definite intention shall be void for uncertainty, i.e A gift under a will fails where there is uncertainty as to:

Scottsdale Fine Piano%u2019s purchases pianos from a well-known manufacturer and sells them through their retail store. The Baby Grand Pianos sell, on average, for $2,500 each. The

on 31.12.2001 the following trail balance sheet was prepared from the book of raju debit credit sundry debators 50,ooo - sundry creditors -

how do i find info about google inc

In June 2004, Feltex Carpets Limited raised NZ $254 million in an initial public offering. Twenty seven months later the company was in receivership, its share price having collaps