Ricardo was married at the time of death and was survived by his wife and their five legitimate children when he was still alive. He died on November 1, 2018 leaving the following:
Ricardo was married at the time of death and was survived by his wife and their five legitimate children when he was still alive. He died on November 1, 2018 leaving the following:
Real and personal properties in the Philippines P11,000,000
Proceeds of life insurance:
Receivable by the estate as revocable beneficiary 5,000,000
Receivable by the spouse as irrevocable beneficiary 3,900,000
Medical expenses within one year prior to death:
Paid by the time of death 500,000
Unpaid as at the time of death 400,000
Funeral expenses:
Paid by the time of death 200,000
Unpaid at the time of death 300,000
Other obligations of the decedent 1,500,000
- The net taxable estate is:
- The estate tax due to is:
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