Bob Evans died on June 10, 2022. He is survived by his widow, Ann, and three adult children (Sonny, Mijo, and Dotty). Property discovered after Bob’s death appears below—this is Bob’s share of separately owned and community property. All amounts represent date-of-death values.

Checking account containing $2,070,000.

Savings account containing $13,075,000.

Land worth $800k held in the names of Bob and Dotty, joint tenants with right of survivorship (JTWROS). Bob provided all the consideration to buy the land in January 2003.

Life insurance policy 123-A with a face value of $2.5M. Bob had incidents of ownership; Sonny is the beneficiary.

A personal residence titled in Bob’s name worth $2,825,000.

Stock in Ajax Corporation worth $4.2M

Investment property (land) worth $6.9M

Qualified pension plan to which Bob’s employer made 60% of the contributions and Bob made 40%. Ann is to receive a lump-sum distribution of $240k.

A trust created under the will of Bob’s mother Amelia who died in 1998. Bob was entitled to receive all the income quarterly for life. In his will, Bob could appoint the trust assets to such of his descendants as he desired. The trust assets are valued at $675k.

At his death, Bob owes a $225,200 bank loan, including $200 accrued interest. Balances due on his various charge cards total $20,500. Bob’s funeral expenses are $15k and his administration expenses are $70k. Assume the maximum tax savings will occur by deducting the administration expenses on the estate tax return instead of on the income tax return.

During his lifetime, Bob made three gifts:

In 1990, he gave his son, Mijo, $4,110,000 in cash. He claimed the annual exclusion that was available and utilized the unified credit.

In 1998, he gave his daughter, Dotty, $4,210,000 cash. He claimed the annual exclusion available and utilized the unified credit.

In December 2008, he gave his son, Sonny, stock then worth $2,512,000. Bob claimed the annual exclusion and claimed the unified credit. On June 10, 2022, the stock was worth $1.75M.

Bob’s will contains the following provisions:

I leave my wife, Ann, my residence, my checking account, and $20k from my savings account.

I leave $900k of property in trust with First Bank as trustee. My wife, Ann, is to receive all the income from this trust fund quarterly for the rest of her life. Upon Ann’s death, the trust property is to be divided equally among our three children.

I leave $600k to the American Cancer Society (a qualified charity)

I appoint the property in the trust created by my mother Amelia to my daughter, Dotty.

The residue of my estate is to be divided equally between my sons, Sonny and Mijo.

2- What are all the forms needed for this tax return as well?