The administration of Megan's estate was fairly complicated. Address the deductibility of the following expenditures that were either paid or reimbursed by Megan's executor: Interest on a loan obtained from a commercial bank to pay estate taxes, so that the estate would not be forced to liquidate its interest in certain closely held corporations to finance the estate tax liability. Megan's estranged son contested the validity of his mother's will, under which he received only one quarter of the share provided to Megan's other children. The estate settled the son's claim for $1 million, incurred attorney's fees of $200,000, and agreed to pay the son's attorney's fees of $150,000. Megan devised certain parcels of real estate in trust, to be administered by a corporate trustee. The corporate trustee required that an environmental study be completed on several of the parcels before it would accept title. The estate spent $25,000 on these assessments. Megan owned several tracts of timberland and, a year-and-a-half after Megan's death, the estate commissioned a forestry service to thin the property and replant where necessary. The estate paid $100,000 for this service (and netted $1 million in sales from the timber). Would your answer change if the cut occurred five years after Megan's death? One item included in Megan's estate was a family homestead that has been in the family for generations. Megan devised the property to certain of her children in equal shares as tenants in common. One child wants to reside in the property, which is fine with the others as long as that child compensates them for her exclusive use of the property. To smooth matters out, the estate pays to have the rental value of the property appraised. The appraisal costs $15,000.