Here's the situation. There is an estate to be divided among 6 heirs. Total estate is $98,874.02. Heir #6 has a $20,000.00 judgement to be deducted from the estate. When the estate was distributed, Heirs 1-5 received #18,297.17, while Heir #6 received $7,388.17. This looked incorrect to me, so here's my math on the it. Is this correct or am I missing something?
a | Heir 1 | 18,297.17 | |
b | Heir 2 | 18,297.17 | |
c | Heir 3 | 18,297.17 | |
d | Heir 4 | 18,297.17 | |
e | Heir 5 | 18,297.17 | |
f | Heir 6 | 7,388.17 | |
g | Total Distributed | 98,874.02 | sum a through f |
h | Judgement | 20,000.00 | |
i | Less: Judgement | 78,874.02 | g-h |
j | Less: Judgement Divided by 6 heirs | 13,145.67 | i / 6 |
k | Judgement divided by 5 heirs | 4,000.00 | h / 5 |
REVISED | |||
l | Heir 1 | 17,145.67 | j + k |
m | Heir 2 | 17,145.67 | j + k |
n | Heir 3 | 17,145.67 | j + k |
o | Heir 4 | 17,145.67 | j + k |
p | Heir 5 | 17,145.67 | j + k |
q | Heir 6 | 13,145.67 | j + k |
r | Total Distributed | 98,874.02 | sum a through f |