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Estate Division Practice Problem: Fair Shares and Final Settlements

In this exercise, you will work through an estate division scenario involving cash distribution among three individuals: Stewie, Brian, and Peter. The total estate includes $30,000, with specific initial cash distributions of $570 to Stewie, $1,250 to Brian, and $925 owed by Peter. Your tasks include calculating the fair share of remaining cash for each individual, determining Brian’s fair share based on bids, and figuring out Peter’s initial cash return if the estate is $5,000. Additionally, you'll determine the Condorcet winner in an old scenario. Work independently and verify your answers with a partner.

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Estate Division Practice Problem: Fair Shares and Final Settlements

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  1. Estate division Whiteboard Practice 

  2. Directions: 1. Work through the problem individually. 2. Wait for your partner to finish 3. When you both finish, check with each other 4. Then raise one board to be checked when I give the countdown.

  3. There is $30,000 cash in the estate. Stewie will receive $570 in initial cash, Brian will receive $1,250 and Peter owes $925. How much will each receive in their share of remaining cash?

  4. There is $5000 cash in the estate and here are their bids. Find Brian’s fair Share

  5. There is $5000 cash in the estate and here are their bids. Find Brian’s fair Share

  6. Determine the Final Settlement for Stewie:

  7. Determine the Final Settlement for Stewie:

  8. Determine Peter’s initial cash if there is $5000 cash in the estate

  9. If there is $5000 in the estate, determine Peter’s initial cash

  10. OLD STUFF!!!! DETERMINE THE CONDORCET WINNER

  11. OLD STUFF!!!! DETERMINE THE CONDORCET WINNER

  12. thE END

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