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 ?
As shown in Figure E, returns filed for the wealthiest decedents between 2001 and 2007 included charitable bequests proportionately more often than returns with gross estates between $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.
If H and W died currently, their Federal gross estates would exclude the value of their home in Q, H's life insurance proceeds (even if the policy was underwritten by a U.
Figure J shows estates' asset composition reported for decedents with gross estates of at least $1 million in constant 2004 dollars between Filing Years 1976 and 2004.
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.
In 2001, some 108,330 individuals died with gross estates above the estate tax exclusion amount of $675,000 in assets.
The Tax Reform Act of 1984 repealed the exclusion from gross estates of qualified retirement plan benefits attributable to employer contributions.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.
This ratio allows the estates of these nonresident alien decedents to lower their total gross estates and thus lower the estate tax.
As will be discussed in Part IV, by utilizing an ILIT, taxpayers can effectively elect to exclude life insurance proceeds from their gross estates.