Ella Whiteside is 91 years old and by all accounts from friends, neighbors, and her
physicians is alert, aware, and active. Ella has decided to finally get a will. However,
her arthritis keeps her from writing and from even signing her name. What advice can
you give Ella for executing a valid will?
Lee and Carol Parton have sold their home for $750,000. They have lived in the home
for 22 years. They are planning to retire and travel. They purchased the home for
$200,000 and have made $50,000 in improvements. Their total gain realized on the sale
is
a. $550,000
b. $500,000
c. $750,000
d. None of the above