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Use Worksheet 15.5. When Jackson Holmes died in 2018, he left an estate valued at $15,850,000. His trust directed distribution as follows: $20,000 to the

Use Worksheet 15.5. When Jackson Holmes died in 2018, he left an estate valued at $15,850,000. His trust directed distribution as follows: $20,000 to the local hospital, $160,000 to his alma mater, and the remainder to his three adult children. Death-related costs 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 Exhibit 15.6

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Exhibit 15.6 Exhibit 15.5 Exhibit 15.6 Exhibit 15.5

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