A , a widow, died in 2014 with the following assets savings account ($15,000), checking account ($1,500), certificates of deposit ($43,000), stocks and bonds ($378,000), auto ($6,000), real estate ($254,000), which is subject to a recourse mortgage of $30,000, joint and survivor checking account with her son J in which she contributed all the funds ($2,500), and personal and household goods ($15,000) A also was the beneficiary of a testamentary trust created under the will of her late husband H , pursuant to which she was entitled to the income from the trust payable at least annually and over which she had a power to appoint the entire trust assets in favor of herself during her life or to the estate on her death The value of the trust corpus equals $4,140,000 The amount of funeral and administration expenses equals $25,000 Her will provides that all of her estate is to pass to J What is the amount of A s gross estate for federal estate tax purposes Consider 2033, 2040, and 2041 What is A s taxable estate assuming that her state of domicile imposes no taxes on her death Consider 2051 and 2053 What is A s taxable estate assuming her state of domicile imposes an estate tax equal to the maximum state death tax credit that was allowable under 2011 before the Tax Act of 2001 Consider 2051, 2053, and 2058 What would be the amount of federal estate tax due under 1b and 1c Consider 2001 and 2010 Would a federal estate tax return be required to be filed by A s executor Consider 6018

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A , a widow, died in 2014 with the following assets: savings account ($15,000), checking account ($1,500), certificates of deposit ($43,000), stocks and bonds ($378,000),

A, a widow, died in 2014 with the following assets: savings account ($15,000), checking account ($1,500), certificates of deposit ($43,000), stocks and bonds ($378,000), auto ($6,000), real estate ($254,000), which is subject to a recourse mortgage of $30,000, joint and survivor checking account with her son J in which she contributed all the funds ($2,500), and personal and household goods ($15,000). A also was the beneficiary of a testamentary trust created under the will of her late husband H, pursuant to which she was entitled to the income from the trust payable at least annually and over which she had a power to appoint the entire trust assets in favor of herself during her life or to the estate on her death. The value of the trust corpus equals $4,140,000. The amount of funeral and administration expenses equals $25,000. Her will provides that all of her estate is to pass to J.
1. What is the amount of As gross estate for federal estate tax purposes? Consider 2033, 2040, and 2041.
1. What is As taxable estate assuming that her state of domicile imposes no taxes on her death? Consider 2051 and 2053.
1. What is As taxable estate assuming her state of domicile imposes an estate tax equal to the maximum state death tax credit that was allowable under 2011 before the Tax Act of 2001? Consider 2051, 2053, and 2058.
1. What would be the amount of federal estate tax due under 1b and 1c? Consider 2001 and 2010.
1. Would a federal estate tax return be required to be filed by As executor? Consider 6018.