George is killed in an auto accident. The following is his Last Will and Testament: I leave Jessica my house and all of the contents (valued at $250,000);
I leave Eddie my regular savings ($20,000);
I leave Sarah my book collection (valued at $50,000);
I leave Joseph my model T (valued at $20,000);
I leave Daniel my retirement savings ($500,000).
It was also determined that George owed the following people:
Visa card $60.000
Mortgage loan $30,000
Investment property loan $120,000
What are George’s total assets and liabilities?