gross estate

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Related to Gross Estates: net estate, Taxable estate
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Noun1.gross estate - the total valuation of the estate's assets at the time of the person's death
estate - everything you own; all of your assets (whether real property or personal property) and liabilities
References in periodicals archive ?
5] For corporate executives with generous retirement benefits, it is not unusual for these retirement-related IRD items to be the principal assets in their gross estates.
This ratio allows the estates of these nonresident alien decedents to lower their total gross estates and thus lower the estate tax.
The Tax Reform Act of 1984 repealed the exclusion from gross estates of qualified retirement plan benefits attributable to employer contributions.
Unexpended amounts would have been included in their gross estates at death.
Since the contributors described in this article were members of the larger estate tax decedent population, fully understanding the subset of contributors requires an examination of the wealthy estate tax decedent population as a whole, which included 78,023 individuals who died in 1995 with gross estates at or above the estate tax filing threshold of $600,000.
Consequently, the unrestricted power to remove one corporate trustee and appoint another would not cause the trust corpus to be includible in the daughter's or the grandchildren's gross estates.
This article will discuss why recent changes to South Dakota's DAPT statutes likely provide settlors the option of reducing their gross estates by making completed gifts to self-settled trusts sitused in South Dakota.
By making taxable gifts, donors can remove the gifted property from their gross estates at a relatively low cost compared to incurring estate taxes, because the gift tax is tax exclusive while the estate tax is tax inclusive (i.
Appreciation in the value of these asset classes would have likely increased the number of decedents with total gross estates of $3.
For example, to support his assertion that the estate tax is voluntary, Bruce Bartlett stated that tax revenue collected in 1985 as a percentage of gross estates was 17.
gross estates of nonresident aliens (NRAs) reported on U.
Estate tax returns filed for 2004 decedents with gross estates above $1.