Zac Petersons estate reports the following information:

1) What is the taxable estate value?

Value of estate assets	$	2,470,000
Conveyed to spouse		1,085,000
Conveyed to children		238,500
Conveyed to trust fund for benefit of cousin		542,500
Conveyed to charities		268,500
Funeral expenses		31,500
Administrative expenses		49,500
Debts		254,500