Brad died on October 31, 2023. The value of his estate is $15,400,000 as of the date of this death. The Executor did not elect the alternate valuation date. Brad did not make any previous taxable gifts. What is Brad's estate tax liability assuming estate administrative expenses of $30,000?

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SOLUTION To calculate Brads estate tax liability we need to consider the estate tax laws in effect as of my knowledge cutoff in September 2021 Its important to note that tax laws can change so its alw... View the full answer