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Zac Petersons estate reports the following information: Value of estate assets $ 2,500,000 Conveyed to spouse 1,100,000 Conveyed to children 240,000 Conveyed to trust fund
Zac Petersons estate reports the following information: |
Value of estate assets | $ | 2,500,000 | ||
Conveyed to spouse | 1,100,000 | |||
Conveyed to children | 240,000 | |||
Conveyed to trust fund for benefit of cousin | 550,000 | |||
Conveyed to charities | 270,000 | |||
Funeral expenses | 33,000 | |||
Administrative expenses | 51,000 | |||
Debts | 256,000 | |||
What is the taxable estate value? |
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