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When Reuben Mosher died in 2015, he left an estate valued at $5,850,000. His trust directed distribution as follows:
$20,000 to local hospital
$160,000 to his alma mater and the reamineder to his 3 adult chldren
$6,800 funeral expenses
$40,000 paid to attorney's
$5,000 paid to accountants
$30,000 paid to trustee of his living trust.
In addition, there were debts of $125,000. Calculate the federal estate tax due on his estate (Use exhibits 15.5 & 15.6 if need)
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