Prince Akeem
JF-Expert Member
- May 26, 2013
- 886
- 382
Job died on May 1, 2007 leaving the following property:
(i) Personal chattels valued at Tshs. 4,500,000
(ii) Simba shares quoted at 80 of Tshs. 3,000,000
(iii) Cash in CRD Bank Tshs. 10,200,000
His will provided the following bequests:
1. To his beloved wife Rose, Tshs. 7,500,000; his personal chattels and the residue absolutely.
2. To his son Ricky Tshs. 3,750,000. Ricky has predeceased testator leaving a widow and daughter Anna who are still living.
3. To his sister Debora, Simba shares of Tshs. 3,000,000.
4. To his brother Jambo, Tshs. 1,500,000. Jamo had predeceased testator, leaving a wife and two children.
5. To his grandson Furaha, Tshs. 375,000.
6. To Tegeta Orphanage Camp, Tshs. 375,000
7. To his friend Seif, TCC shares of Tshs. 2,400,000
8. To his friend Chambo, Tshs. 750,000.
Required:
Prepare a statement showing the distribution of the estate of Job the deceased.
(i) Personal chattels valued at Tshs. 4,500,000
(ii) Simba shares quoted at 80 of Tshs. 3,000,000
(iii) Cash in CRD Bank Tshs. 10,200,000
His will provided the following bequests:
1. To his beloved wife Rose, Tshs. 7,500,000; his personal chattels and the residue absolutely.
2. To his son Ricky Tshs. 3,750,000. Ricky has predeceased testator leaving a widow and daughter Anna who are still living.
3. To his sister Debora, Simba shares of Tshs. 3,000,000.
4. To his brother Jambo, Tshs. 1,500,000. Jamo had predeceased testator, leaving a wife and two children.
5. To his grandson Furaha, Tshs. 375,000.
6. To Tegeta Orphanage Camp, Tshs. 375,000
7. To his friend Seif, TCC shares of Tshs. 2,400,000
8. To his friend Chambo, Tshs. 750,000.
Required:
Prepare a statement showing the distribution of the estate of Job the deceased.