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This posting addresses the value of the decendent's estate.

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Suppose the decedent dies in 2006 and has interests in the following assets: $400,000 residence owned jointly with right of survivorship with her husband; $500,000 real estate parcel owned jointly with right of survivorship with her sister (decedent furnished all consideration); $200,000 brokerage account owned as a tenancy-in-common with her mother; $1,000,000 in mutual funds. Additionally, in 2004, the decedent gave her $1 million life insurance policy to her mother. What is the value of the decedent's gross estate? Itemize.

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The solution shows how to break down all assets and information to determine the gross value of a decedent's estate.

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Suppose the decedent dies in 2006 and has interests in the following assets: $400,000 residence owned jointly with right of survivorship with her husband; $500,000 real estate parcel owned jointly with right of survivorship with her ...

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