Can anyone please help me and posibly (briefly) explain the solution. thank you

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i was left part of an estate worth 100,000. the will states the trust be divided into two equal parts. First part was split evenly between 2 charities. the second was to be divided according to different percentages bequethed to 13 induviduals. the percentages are as follows:
MR geoff= 25%
Ms Martin =10%
MR Wiley= 2.5%
Ms Bow= 3.5%
Ms bert= 1%
Ms gretta = 10%
Ms martn= 3.5%
Mr swan= 10%
TOTAL 65.5% OF 1/2 estate

As i said, there were 13 heirs of which 5 passed away. will clearly states heirs who predecease the wills distibution, their percentages totalling remainder( 34.5%) will be pro-rated (acording to each living heirs above stated percentage) and added to heirs initial percentage.
EXAMPLE: mr geoff's would be 25% + 25% of 34.5 = ?????

Can anyone please help me and posibly (briefly) explain the solution. thank you

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@yogeoff,

Quote:

EXAMPLE: mr geoff's would be 25% + 25% of 34.5 = ?????

If you do it that way you will end up 34.5% of the extra money left over and have to do the whole process again and again until you have no money left over.

The percentages add up to 65.5% of the estate. You need to find a way to make them add up to 100% since 100% of the money will be given away. What factor multiplied by each percentage will make the 65.5% add up to 100%?

.25X + .1X + .025X + etc = 1.000

Since you have already added up the percentages and they equal 65.5% that means the equation is:
.655X = 1.000

Solve for X, multiply each bequeathed percentage times X to get their total percentage. Them multiply that by 50% to see that they get from the total 100,00. Now you can check your math by adding up what each person gets and see if it adds up to the amount of money in the will.

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@yogeoff,

you got a reply on your other topic.
prolly shoulda checked there before making another one...

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@yogeoff,

The share of the second half of the estate that each living heir gets is their original percentage divided by the sum of the percentages of all of the living heirs. For instance, MR geoff gets 25/65.5 of the second half; Ms Martin gets 10/65.5 of the second half of the estate.

If none of the heirs had died, you would be dividing by 100 which gives you the percentages you show. If all heirs but you had already died, you'd be dividing by 25 (assuming you're MR geoff). In that case, 25/25 is all of the second half of the estate. If Ms Martin (10%) and Ms gretta (10%) were the only living heirs, they'd each get 10/(10+10) = 10/20 = 1/2 of the second half of the estate. Make sense?

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Can anyone please help me and posibly (briefly) explain the solution. thank you

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