PROBLEM No. 3.
Sir Hazel Knut, Bart., died, and the whole of his Estate, after the payment of Estate Duty, Debts, and all expenses, amounted to exactly £15,000.
He bequeathed the following Legacies, all free of Duty except the Settled Property.
Lady Knut, his widow, £2,000.
Lady Knut also had the use of a Governess Cart, together with a Shetland Pony, for life, with remainder over to the Toddington Cottage Hospital. These were valued for Probate at £60, and the value of the life interest was computed at £12.
George Filbert (aged 12), a son of Lady Knut by a former husband, £200.
Selina Knut, daughter (aged 4), £1,200.
George Lightfoot, son-in-law, who married Sir Hazel's charming daughter Rose, £1,200. Rose predeceased Sir Hazel by 4 years, but the Twins survived. To each of these children Sir Hazel left One Thousand Guineas.