Compute Gross estate under Absolute Community of Property

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Reference no: EM132644895

Question - Mr. Jose, Filipino, married died leaving the following estate:

Car acquired before marriage by Mr. Jose P300,000

Car acquired before marriage by Mrs. Jose 450,000

House and lot acquired during marriage 1,500,000

Jewelries of Mrs. Jose, acquired before marriage 100,000

Personal properties inherited by Mr. Jose during marriage 250,000

Benefits from SSS 50,000

Retirement benefits from a private firm 150,000

Proceeds of group insurance taken by his employer 75,000

Land inherited by the wife during marriage 1,000,000

Income earned from the land inherited by wife above (25% of which was earned after death) 200,000

Required -

1. Compute the gross estate under Conjugal Partnership of Gains?

2. Compute the Gross estate under Absolute Community of Property?

Reference no: EM132644895

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