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Zac Petersons estate reports the following information: Value of estate assets $ 2,540,000 Conveyed to spouse 1,120,000 Conveyed to children 242,000 Conveyed to trust fund
Zac Petersons estate reports the following information:
Value of estate assets | $ | 2,540,000 | |
Conveyed to spouse | 1,120,000 | ||
Conveyed to children | 242,000 | ||
Conveyed to trust fund for benefit of cousin | 560,000 | ||
Conveyed to charities | 272,000 | ||
Funeral expenses | 35,000 | ||
Administrative expenses | 53,000 | ||
Debts | 258,000 | ||
What is the taxable estate value?
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