Problem 1: The provisions of a will currently undergoing probate are: "One thousand shares of Wal-mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."At the time of death, the estate included 1,400 shares of Walmart stock, $25,000 cash in the savings account. What would the son have received from the settlement of the estate?
A) 1,200 shares of Walmart stock and $15,000 in cash
B) 1,000 shares of Walmart stock and $ 0 in cash
C) 1,000 shares of Walmart stock and $25,000 in cash
D) 1,200 shares of Walmart stock and $5,000 in cash
E) 1,200 shares of Walmart stock and $25,000 in cash
Problem 2: The provisions of a will currently undergoing probate are: "One thousand shares of Wal-mart stock to my son; $10,000 in cash from my savings account to my brother; $5,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."At the time of death, the estate included 1,000 shares of Walmart stock, $6,000 cash in the savings account. What would the brother have received from the settlement of the estate?
A) $0.
B) $5,000.
C) $6,000.
D) $10,000.
E) $11,000.