At the time of his death in 2016, Howard was married to Bella for over 40 years.? Howard and Bella had two adult children (Max and Bertha).? Max and Bertha each have their own children (Howard?s grandchildren)
When Howard died in 2016, in addition to his $18.5 million of certificates of deposit and investment property worth $14 million, the following facts were disclosed by the executor:
Running head: ESTATE TAX 1 Estate Tax.
Institutional Affiliation: 2 1. Transaction A.
30% of $ 14,000,000 = $ 4,200,000 30% of Interest income 8 ? ($ 700,000 ? $ 300,000) = $...
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