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Inhereitance splits query

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didds
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Inhereitance splits query

#145784

Postby didds » June 15th, 2018, 10:58 am

Keepoing things very simple as an example...

IF A on death has 90K cash to split between three children X, Y, Z where each of those "owes" A

X 4K
Y 3K
Z 2K

how can A split up the cash between them so they all get an equal share, whilst reflecting what each has already had? Preferably as a mathematical equation for general purposes :-)

Trying to get my head around it and failing!

didds

didds
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Re: Inhereitance splits query

#145786

Postby didds » June 15th, 2018, 11:02 am

DFOh.,.. no sooner had I wrirtten it, I worked it out!

Total "owed" by kids =0K

so total to be distrinbuted = 90+9 = 99K

so each share is 33K LESS sum already benefitted from ie owed

So
A=33-4=29
B=33-3=30
C=33-2=31

Leaving the 90K perfectly distributable .

*phew).

And the generic answer being

Individual share = (Cash + (sum of debts)/number of sharers ) - individual debt

As you all were!


didds

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Re: Inheritance splits query

#146198

Postby gryffron » June 16th, 2018, 11:53 pm

Who are B and C again?

:lol:


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