Cash £564.
Insurance Policy, £100.
Burial Club Money £14.
Household Furniture and Effects £12.
The Funeral Expenses amounted to £12.
Mr. Herbert Turvey was buried on the third Thursday after Guy Fawkes'
Day, and on the following Tuesday fortnight the Widow gave birth to a son.
Both mother and child progressed amazingly and everybody called to visit
Harriett, but chiefly to satisfy their curiosity as to the amount which
she inherited.
* * * * *
Don't keep them waiting.
PROBLEM No. 22.
Mrs. George Dumpkins was very vexed that any Estate Duty at all should be
payable, and when she was told that a Corrective Affidavit would have to
be presented she threatened to change her Solicitors. As she very properly
said she had sufficient troubles already without having to pay for more,
and the Chancellor of the Exchequer, whoever he was, ought to be ashamed
of himself for taxing Widows so scandalously.
She entirely disagreed with the opinion of her Solicitor as to the
necessity of presenting this Corrective Affidavit, and insisted upon
having Counsel's opinion on the matter. The following facts were therefore
submitted to the learned gentleman:--
Mr. Dumpkins' Estate had been proved for Probate purposes at £71,000,
but during the year after death the following Assets were realised and
Liabilities settled, viz.:--
£18,000 3-1/2% India Stock valued for Probate at 94-7/8, realised
91-1/2.
Share in Ship valued at £4,000, realised £3,500.
Sundry Liabilities estimated for Probate at £8,000, were
subsequently found to be £8,700. (This included £75 cost of
bringing deceased's body from abroad.)
Stock-in-Trade valued at £10,250, realised £9,400.
£6,000 Mortgage Debentures valued at £7,500 were sold at par.
The opinion of Counsel was received in due course, and the Solicitor
smiled.
* * * * *
By what amount was the Estate Duty increased or decreased? Ignore any
adjustment in respect of Interest on Estate Duty.