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    Accounting and Distribution

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    McSteve
    Jim and Claire have accumulated various assets over their lifetime that will need to be distributed upon their deaths. These assets include a 200 acre farm worth $720,000, various farm equipment worth $40,000, Claire's jewelry worth $250,000, two vehicles, stocks, savings accounts, life insurance policies, and Claire's partial interest in her parents' home. Many of the assets like the farm equipment, books, antiques, and crystals will be divided equally among their six children, while others like the farm, stocks, and life insurance policies are allocated to specific children or set up in trust funds.

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    Accounting and Distribution

    Uploaded by

    McSteve
    13 views1 page
    Jim and Claire have accumulated various assets over their lifetime that will need to be distributed upon their deaths. These assets include a 200 acre farm worth $720,000, various farm equipment worth $40,000, Claire's jewelry worth $250,000, two vehicles, stocks, savings accounts, life insurance policies, and Claire's partial interest in her parents' home. Many of the assets like the farm equipment, books, antiques, and crystals will be divided equally among their six children, while others like the farm, stocks, and life insurance policies are allocated to specific children or set up in trust funds.

    Original Description:

    Spreadsheet of Estates and Trusts Distribution

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    Jim and Claire have accumulated various assets over their lifetime that will need to be distributed upon their deaths. These assets include a 200 acre farm worth $720,000, various farm equipment worth $40,000, Claire's jewelry worth $250,000, two vehicles, stocks, savings accounts, life insurance policies, and Claire's partial interest in her parents' home. Many of the assets like the farm equipment, books, antiques, and crystals will be divided equally among their six children, while others like the farm, stocks, and life insurance policies are allocated to specific children or set up in trust funds.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views1 page

    Accounting and Distribution

    Uploaded by

    McSteve
    Jim and Claire have accumulated various assets over their lifetime that will need to be distributed upon their deaths. These assets include a 200 acre farm worth $720,000, various farm equipment worth $40,000, Claire's jewelry worth $250,000, two vehicles, stocks, savings accounts, life insurance policies, and Claire's partial interest in her parents' home. Many of the assets like the farm equipment, books, antiques, and crystals will be divided equally among their six children, while others like the farm, stocks, and life insurance policies are allocated to specific children or set up in trust funds.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    No.

    Jim & Claire Assets

    Description

    Value
    $ 720,000.00

    1 Farm
    1.1
    2
    3
    4
    4.1
    4.2
    4.3
    4.4
    4.5
    5
    6
    6.1
    6.2
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20

    Farm 200 acres total


    Each line permitted to select 2 acres of their
    2 acres for home to build
    own upon which to build a house
    Jim's Father Farm
    Approx. 250 acres total, 3 fighting siblings
    Small Farm
    A small farm over to Genesee Township
    Farm equipment
    1 Tractor
    $5,000
    1 Hay Bailer
    $22,000
    4 Milking machines
    $2,000
    Logging equipment
    $6,000
    Miscellaneous equipment
    $5,000
    Farm furnishings
    Claire's jewelry
    Jim's wedding ring
    Collection of old coins
    High school class rings
    High school class rings
    Books
    Books
    Antiques
    Antiques
    Crystals
    Crystals
    China
    China
    Car#1
    1993 Chevy Corsica
    Car#2
    1997 Dodge truck
    Stocks
    Amway Stocks
    Savings
    Savings
    Christmas Club fund
    Christmas Club fund ($5000 - $6000)
    Claire's half-interest in parents' house in
    Claire's half-interest in parents' house
    Willow Grove PA
    Claire's Life Insurance
    Claire's Life Insurance ($12000/year)
    Jim's Life Insurance
    Claire's Life Insurance ($12000/year)
    Veterans' Widowship Benefits ($53/month)
    Veterans' Widowship Benefits

    Allocation

    Distribution
    Douglas
    Linda

    James

    Claire Sue

    Brian

    Janet

    Michael

    Kevin

    Trust
    Divided equally between 6 children

    $40,000

    Trust
    Trust
    Trust

    Trust
    Divided equally between 6 children

    $ 250,000.00
    $ 25,000.00
    $ 5,000.00

    Kevin
    Kevin
    Divided equally between 6 children
    Divided equally between 6 children
    Janet
    Trust
    Trust
    Divided equally between 6 children
    Kevin
    Divided equally between 6 children

    $ 200,000.00
    $ 200,000.00

    Education fund
    Education fund

    Trust

    X
    X
    X
    X

    X
    X

    X
    X

    X
    X

    X
    X

    X
    X
    X

    X
    X

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