Which of these might happen? Group of answer hoices Jane's house cannot be left to the children ecause of the mortgage. The children will have to pay he mortgage even if they don't get the house, because heir mom did not pay it off before she died. Jane can eave the house to her children in her will. The children

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 10DQ: Wade paid 7,000 for an automobile that needed substantial repairs. He worked nights and weekends to...
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Jane died with $1,000,000 in cash and a house worth $
400,000. The house has a mortgage of $200, 000 on it
. Which of these might happen? Group of answer
choices Jane's house cannot be left to the children
because of the mortgage. The children will have to pay
the mortgage even if they don't get the house, because
their mom did not pay it off before she died. Jane can
leave the house to her children in her will. The children
won't have to pay their mom's mortgage. Jane can
leave the house to her children in her will. They will
have to pay the mortgage or sell the house.
Transcribed Image Text:Jane died with $1,000,000 in cash and a house worth $ 400,000. The house has a mortgage of $200, 000 on it . Which of these might happen? Group of answer choices Jane's house cannot be left to the children because of the mortgage. The children will have to pay the mortgage even if they don't get the house, because their mom did not pay it off before she died. Jane can leave the house to her children in her will. The children won't have to pay their mom's mortgage. Jane can leave the house to her children in her will. They will have to pay the mortgage or sell the house.
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