Question

Zac Peterson’s estate reports the following information:
Value of estate assets . . . . . . . . . . . . . . . . . . . . . . . . . . $2,300,000
Conveyed to spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000
Conveyed to children . . . . . . . . . . . . . . . . . . . . . . . . . . 230,000
Conveyed to trust fund for benefit of cousin . . . . . . . . . 500,000
Conveyed to charities . . . . . . . . . . . . . . . . . . . . . . . . . . 260,000
Funeral expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,000
Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . 41,000
Debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246,000
What is the taxable estate value?



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  • CreatedOctober 04, 2014
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