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Minnie Matthews, a widow and resident of Georgia, died on June 1, 2021. In the decedent's safe deposit box, the executors of the estate

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Minnie Matthews, a widow and resident of Georgia, died on June 1, 2021. In the decedent's safe deposit box, the executors of the estate found these items 1. Securities valued at $30,000 on the date of death These were registered in her name and her son's name as joint owners. 2. Reality titles to a residence in Ohio valued at $6,500,000 and to a condominium in California valued at $4,000,000. These were bequeathed to her daughter under the will. 3. Deed of transfer to a 1955 irrevocable trust of $279,250 to pay the income and principal to her children but reserving to herself power to alter or change the beneficiaries or their proportionate interests, except that she could not name herself or her estate as beneficiary 4. A 1978 issued deposit passbook showing $35,000 in a bank savings account in the joint names of Carol and her father. The deposit agreement specifically stated that upon the death of either Carol or her father, the survivor was entitled to the full amount of the deposit. 5. A 2017 deed of gift (12/23/17) transferring $1,063,000 to an irrevocable trust to help her sister have independent income. All of the trust income must be distributed to the sister. Because of the gift tax exclusion and the exemption, only $20,500 gift tax was paid on the gift 6. Closely held stock in Peachtree Enterprises worth $150,000 on date of death, but it was only worth $90,000 on September 1, 2020. 7. Minnie also left the following additional property to be distributed under her will: IBM stock Classic car and personal effects Tax-exempt bonds $350,000 120,000 200,000 During the estate administration, the executors incurred the following Casualty loss (unreimbursed) in a federally declared disaster area Administration expenses $80,000 55,000 The executors also paid the following specific bequests: Georgia State University (for educational purposes) Piedmont Baptist Church Under Georgia law, the executors paid $70,000. $50,000 65,000 Using the above date of death values, compute the total gross estate.

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