Calculate the federal estate tax due on his estate

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Reference no: EM131300227

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)

Reference no: EM131300227

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