At S1s death their holdings had the following net value: S1s separate $9,350,000 S2s separate $2,400,000 Total
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At S1’s death their holdings had the following net value:
S1’s separate $9,350,000
S2’s separate $2,400,000
Total value $11,750,000 ---------------------------------------------------
S2 died May 12, 2015, and the trusts had the following values (assumes estate tax at S1's death is allocated between Trusts B & C in proportion to pre-tax funding values and 40% appreciation in value):
Trust A: $3,360,000
Trust B: $4,239,679
Trust C: $7,086,321 -----------------------------------------------
Determine the federal estate tax before considering the PTC.
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