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A person died on April 2018, with an estate valued at approximately $16,265,000. He was never married and he previously had not used any of
A person died on April 2018, with an estate valued at approximately $16,265,000. He was never married and he previously had not used any of his available tax-exempt amount. His estate planning documents direct his estate to go to his neighbors children. Will This personss estate be subject to estate taxes? No, because he had not used any of his available applicable exclusion amount. No, because the heirs of his estate are not family members. Yes, the entire value of Neals estate will be subject to estate taxes. Yes, $6,265,000 of Neals estate will be subject to estate taxes. Yes, $5,085,000 of Neals estate will be subject to estate taxes.
A person died on April 2018, with an estate valued at approximately $16,265,000. He was never married and he previously had not used any of his available tax-exempt amount. His estate planning documents direct his estate to go to his neighbors children. Will This personss estate be subject to estate taxes?
No, because he had not used any of his available applicable exclusion amount.
No, because the heirs of his estate are not family members.
Yes, the entire value of Neals estate will be subject to estate taxes.
Yes, $6,265,000 of Neals estate will be subject to estate taxes.
Yes, $5,085,000 of Neals estate will be subject to estate taxes.
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