Calculation of estate taxes. Use Worksheet 15.1. When Jackson Holmes died unmarried in 2018 he left an estate valued at $15,850,000. His trust directed distribution as follows: $20,000 to local hospital, $160,000 to his alma mater, and the remainder to his three adult children. Death-related costs and expenses were $6,800 for funeral expenses, $40,000 paid to attorneys, $5,000 paid to accountants, and $30,000 paid to the trustee of his living trust. In addition, there were debts of $125,000. Use Exhibits 15.5 and 15.6 to calculate the federal estate tax due on Jacksons estate. Textbook.

EXECUTOR'S CHECNUST Diste 1. Birth certificateg 7. Bonds, stocks, and securities 2. Marriage certificates 8. Real eatate deeds (including any prior marriagez) 9. Business (buy-zell) agreemen 3. Your will [and spouse's will] and truet agreemente 10 Automobile titles and insuran. policiez 4. Lieting of life insurance policies or certificates 11. Property inzurance policiez 5. Your Social Security numbers 12 Letter of last inatructions 6. Military diecharge papers 13 Additional document: Ust all checking and savings account numbers, including bank addresees and location of sifedeposit boxes: Uat name, address, and phone number of attorney and accountant: Uat name, address, and phone number of [current or paet) employer. State date when you retired if applicable. Include employes benefitz booklete: Uat all debtz owed to and owed by you: Ust the names, addresses, telephone numbers, and birth dates of your children and other beneficiaries (including charitable beneficiaries): Source: Stephan R. Leimberg, Jerry A. Kasner, Stephen N. Kandell, Morey S. Rosenbloom, and Herbert L