Hugo died in 2011. At the time of his death, the applicable exclusion amount was $5,000,000. He had the following assets:

Checking account(1)$75,000

Savings Account(1)$950,000

House (1) (6)$1,200,000

401(k) plan (2)$5,200,000

Life Insurance Proceeds (3)$500,000

Rental Property (4)$600,000

Stock Portfolio(5)$4,200,000

Personal Assets$350,000

(1)Owned by Hugo directly

(2)Owned by Hugo through his employer

(3)Term policy; set up through his employer

(4)Owned as tenants in common with his brother; Hugo owned 65%

(5)Held in trust; his daughter receives all of the income from the trust until she turns 30; at such time she receives the portfolio outright.

(6)There is also a home-equity line of credit, using the house as collateral, with a balance of $80,000. This was paid off by the estate.

In addition, Hugo had the following additional information:

Funeral Expenses $25,000

Administrative expenses$175,000

Charitable bequests$100,000

Lifetime taxable gifts$500,000

State death taxes paid$300,000

How much does his estate owe in estate taxes?