What would each of toms children receive

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Reference no: EM133328197

Question: Wayne, age 44, died suddenly in an accident. He leaves behind his spouse, Rhianna and their four teenage daughters, Roya, Ryan, Ryland and Rebecca. Wayne did not have a will and leaves behind the following assets:

House $1144765 (Joint ownership with Rhianna)
Life Insurance $513416 (Beneficiary: Estate)
TFSA $70394 (Beneficiary: None)
RRSP $382176 (Beneficiary: None)

Assuming Wayne and Rhianna live in Ontario, how much will Roya inherit from his estate? Round your answer to the nearest dollar.

At the time of her death, Betty's estate consisted of her TFSA worth $62082 and a life insurance policy with a face value of $197009. Betty is a widow and she has three adult children; Tom, Tammy and Tanya. Tom and his partner have 3 children, Tammy has one child and Tanya has two children. Unfortunately, Tom predeceases his mother Barbie. What would each of Tom's children receive, when Barbie passes away if her estate is distributed per stirpes to her children? Round your answer to the nearest dollar. Do not include symbols or signs.

Reference no: EM133328197

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