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Determine the Fred total estate assets

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Reference no: EM133001825

Question - Fred and Audrey are married and live in Cairns, QLD. They have the following assets:

Savings of $4,000 in a joint bank account

Family home owned as tenants in common (50% each) worth $400,000

Home contents owned jointly worth $20,000

Superannuation - Fred's super balance is $300,000 and Audrey's is $200,000. The both have binding death benefit nominations nominating each other

They own a car in joint names worth $40,000

They each own shares in their own name; Fred's are worth $50,000 and Audrey's $80,000

Required - Determine the Fred's total estate assets?

Reference no: EM133001825

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