Paul and June Adams are married and live in a common law state. Paul died in January $2024$ owning the following property:

$$125,000$ Boat owned fee simple.

$$3,000,000401($k$)$ with a basis of $$300,000$ and his son Jasper as the beneficiary.

$$500,000$ in Apple stocks.

$$700,000$ life insurance policy $($#$1)$ on his own life with a cash value of $$100,000$ with June as the beneficiary.

Primary residence valued at $$3,500,000$ titled JTWROS with June and a mortgage remaining of $$900,000.$

A condominium valued at $$800,000$ titled TIC with cousin Eric and a mortgage remaining of $$300,000.$

A straight life annuity #$1$ valued at $$200,000.$

A truck valued at $$60,000$ owned fee simple.

$$150,000$ personal property owned by Paul.

A sporting goods store valued at $$400,000$ owned tenancy in common with his two friends $($Justin and Chase$)$; Paul contributed $$60,000$ of the $$200,000$ purchase price.

$$600,000$ whole life insurance policy $($#$2)$ on his life with a cash value of $$150,000$ with his mother, Phyllis, as the beneficiary.

A survivorship annuity #$2$ with a comparable annuity value of $$450,000.$

$$1,000,000$ permanent life insurance policy $($#$3)$ on June$$s life with a cash value of $$500,000$ and her son is the beneficiary. This is a paid up policy.

Gifted $-$ $$300,000$ to an irrevocable trust and retained no interest. The transfer was made $5$ years ago and Paul paid $ $150,000$ in gift taxes that year.

Gifted $-$ $$4,000,000$ life insurance policy $($#$4)$ on his own life with a cash value of $$600,000.$ This policy was gifted to his son one year before Paul died. Paul paid $$500,000$ in gift taxes that year.

Paul holds a general power of appointment over his mother$$s estate valued at $$11,500,000$ which he leaves to his son Jasper.

Paul was killed in a car accident and received $$200,000$ for wrongful death and $$750,000$ for pain and suffering. Paul$$s credit card debt totaled $$36,000,$ last medical expenses were $$40,000,$ his funeral expenses were $$20,000$ and the administration fees for the estate were $$15,000.$ Paul made prior taxable gifts of $$2,000,000$ five years prior to death and $$5,000,000$ one year prior to death $($all Post $1976$ gifts are accounted for here; gifted items above are for prior gift taxed and Section $2035$ purposes only $-$ don't overcomplicate it$).$ Unless stated otherwise, Paul$$s will provides a charitable gift of $$1,000,000$ to Texas Tech University and residuary clause leaving everything else to June. All expenses are to be paid out of her portion of the estate. For purposes of this assignment, assume the marital deduction is $$7,794,000.$