63. Comprehensive Problem. When Howard Foth died in the current year, in addition to his $11,405,000 of certificates of deposit and investment property worth $200,000, the following facts were disclosed by the executor:

a. In 1991, Howard Foth decided to see what kind of fiduciary the Bank of Georgia would be for his assets. However, he did not want to establish an irrevocable trust because the fiduciary might not perform up to expectations and he might need the property later for his own retirement needs. Consequently, Howard established a revocable trust funded at $300,000, but the FMV at death was $700,000.

b. In 2001, Howard Made a taxable gift of $90,000 to his daughter, Bertha. Due to the unified credit, Howard did not incur any gift tax.

c. In 1999, Howard purchases a paid-up life insurance policy with a face value of $300,000 payable at death to the executor of the estate to use against any estate taxes that might be due.

d. In 1987, Howard's mother had left him a general power of appointment over a trusted value at $215,000. This power was subject to the standard of comfort.

e. Funeral expenses were $30,000, and admin expenses of $70,000 are considered necessary for Howard's estate.

f. Howard left his wife, Bella, $600,000 outright in certificates of deposit.

g. The executor paid $40,000 in state death taxes to the state of Georgia.

Compute the net estate tax payable.

he following information will be useful for the Estate Tax Return: Howard Foth's SSN is 123-45-6789 Tony Stark is the executor. His SSN is 987-65-4321. The decedent's address is 123 Street Road, Statesboro, GA 30461, The executor's address is 321 Street Road, Statesboro, GA 30461, Assume there is no QTIP and that the decedent died testate. Also, only turn in the following pages of the Form 706, page 1-3, 5, 11, 12, 15, 17, and 20.

(It will be a huge help if someone can get this done for me. I have a lot of test and I leave to go on my bachelors trip soon. I do have time to get it done, but it would make me sacrifice hours of studying. Thank you)