What dollar amount will be included in julias probated

Assignment Help Finance Basics
Reference no: EM133210645

Question: Julia was single when she passed away earlier this year. She had a will drawn up with her neices and nephews as the beneficiaries. Julia's estate was comprised of:

A house valued at $503762 with an ACB of $125,000

A cottage valued at $565371 with an ACB of $89,000

Vehicles worth $15477

Non-Registered Investments worth $281068

Furniture and personal effects totaling $924

A mortgage on her cottage of $130950

Credit cards with balances totaling $3688

An unsecured line of credit worth $18363

A car loan of $15287

Assuming Julia died in Ontario, what dollar amount will be included in Julia's Probated assets?

Reference no: EM133210645

Questions Cloud

Analyzing various financial statements : researching and analyzing various financial statements for Deere & Company. For this Final Paper, you will culminate your analysis with an in-depth comparison
How much will she leave for her estate : The rate of interest that she expects to earn is 6% A) if she dies at the age of 85, how much will she leave for her estate?
Do you think it is easy to distinguish a servant leader : Do you think it is easy to distinguish a servant leader that is genuine or not? What would you recommend for those that want to be servant leaders.
Describe the role of the school counselor in developmental : Describe the role of the school counselor in developmental, behavioral, or social interventions related to each of the four assessment statements
What dollar amount will be included in julias probated : Assuming Julia died in Ontario, what dollar amount will be included in Julia's Probated assets - She had a will drawn up with her neices and nephews
Describes overview of cam and its categories its treatments : Wellness Questions - Write a 950- to 1,050-word paper that describes an overview of CAM and its categories of treatments
Simple root cause analysis and Generate Ideas : What is the scenario and who are the stakeholders? Simple root cause analysis. Generate Ideas
Discuss the contributions of microfinance to the ghanaian : Explain why the formal credit market fails to meet the financial service needs of the poor and Discuss the contributions of microfinance to the Ghanaian economy
Way the whole economic system can become corrupt : The way the whole economic system can become corrupt. Did you feel that the films put most blame (a) on bad actors, (b) on a rotten system.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd