Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Rhyd6,eyeball08,Wondergirly,bofh,johnstevens77, for Donating to support the site

Help with my sums

Straight answers to factual questions
Forum rules
Direct questions and answers, this room is not for general discussion please
Clitheroekid
Lemon Quarter
Posts: 2874
Joined: November 6th, 2016, 9:58 pm
Has thanked: 1389 times
Been thanked: 3805 times

Help with my sums

#359301

Postby Clitheroekid » November 23rd, 2020, 2:49 pm

Arithmetic has never been my strong point, and having spent far too long trying to work this out I'm sure there's a simple way of doing it that I'm not aware of.

Mt problem is that I have an estate, with the following beneficiaries - A and B 25% each, C 20%, D, E and F 10%.

So far, so good, even I can deal with that!

But I've just been informed that E has dropped off their perch, and the Will says that in that event the others take according to their share.

In my naivety I thought I'd just have to add 10% to each of the others, but for some reason that doesn't quite work out - near, but not exact.

Is there a simple way of doing this?

TIA.

johnhemming
Lemon Quarter
Posts: 3858
Joined: November 8th, 2016, 7:13 pm
Has thanked: 9 times
Been thanked: 609 times

Re: Help with my sums

#359303

Postby johnhemming » November 23rd, 2020, 3:02 pm

Not really. You need to add a 9th rather than a 10th. That is a bit of a nuisance because it recurs. (I don't know the unicode for recurring)
27.777777777777777 27 7/9
27.777777777777777 27 7/9
11.111111111111111 11 1/9
22.222222222222222 22 2/9
11.111111111111111 11 1/9

= 98 + 18/9

kiloran
Lemon Quarter
Posts: 4112
Joined: November 4th, 2016, 9:24 am
Has thanked: 3252 times
Been thanked: 2855 times

Re: Help with my sums

#359304

Postby kiloran » November 23rd, 2020, 3:06 pm

I would say A and B get 25/90ths of the total
C gets 20/90ths
D and E get 10/90ths

--kiloran
edit: which I think is the same as johnhemming's response
Last edited by kiloran on November 23rd, 2020, 3:07 pm, edited 1 time in total.

GoSeigen
Lemon Quarter
Posts: 4425
Joined: November 8th, 2016, 11:14 pm
Has thanked: 1610 times
Been thanked: 1603 times

Re: Help with my sums

#359305

Postby GoSeigen » November 23rd, 2020, 3:07 pm

Clitheroekid wrote:Arithmetic has never been my strong point, and having spent far too long trying to work this out I'm sure there's a simple way of doing it that I'm not aware of.

Mt problem is that I have an estate, with the following beneficiaries - A and B 25% each, C 20%, D, E and F 10%.

So far, so good, even I can deal with that!

But I've just been informed that E has dropped off their perch, and the Will says that in that event the others take according to their share.

In my naivety I thought I'd just have to add 10% to each of the others, but for some reason that doesn't quite work out - near, but not exact.

Is there a simple way of doing this?

TIA.


E had 10% so the others were sharing the remaining 90%. E's portion was therefore 1/9th the size of the other beneficiaries' total (you can check this if not convinced.) So you have to raise the survivors' shares by 1/9th each (=11.111%) not 1/10th.

GS

Clitheroekid
Lemon Quarter
Posts: 2874
Joined: November 6th, 2016, 9:58 pm
Has thanked: 1389 times
Been thanked: 3805 times

Re: Help with my sums

#359320

Postby Clitheroekid » November 23rd, 2020, 3:41 pm

Thanks to all - problem duly solved! :D

ChrisNix
2 Lemon pips
Posts: 222
Joined: May 23rd, 2018, 11:04 am
Has thanked: 97 times
Been thanked: 48 times

Re: Help with my sums

#359910

Postby ChrisNix » November 25th, 2020, 12:18 pm

Clitheroekid wrote:Thanks to all - problem duly solved! :D

Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.

How’d he solve it?

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7536 times

Re: Help with my sums

#359921

Postby Dod101 » November 25th, 2020, 12:35 pm

ChrisNix wrote:
Clitheroekid wrote:Thanks to all - problem duly solved! :D

Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.

How’d he solve it?


Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.

Dod

swill453
Lemon Half
Posts: 7986
Joined: November 4th, 2016, 6:11 pm
Has thanked: 989 times
Been thanked: 3658 times

Re: Help with my sums

#359926

Postby swill453 » November 25th, 2020, 12:45 pm

Dod101 wrote:
ChrisNix wrote:Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.

How’d he solve it?

Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.

Then signs the third beneficiary as a client, to sue for the rest of their inheritance.

Scott.

ChrisNix
2 Lemon pips
Posts: 222
Joined: May 23rd, 2018, 11:04 am
Has thanked: 97 times
Been thanked: 48 times

Re: Help with my sums

#359941

Postby ChrisNix » November 25th, 2020, 1:08 pm

Dod101 wrote:
ChrisNix wrote:
Clitheroekid wrote:Thanks to all - problem duly solved! :D

Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.

How’d he solve it?


Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.

Dod


Very good! He puts his horse in the field with the others, gives out the quarter and third, takes his horse out and hands over his bill.

Chris


Return to “Does anyone know?”

Who is online

Users browsing this forum: No registered users and 26 guests