gross estate

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Noun

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

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Appreciation in the value of these asset classes would have likely increased the number of decedents with total gross estates of $3.5 million or more.

A look at estate tax returns filed for wealthy decedents since 2001

Estates with gross estates in excess of $20 million still paid a significant tax in 1995 (12.9% of their gross estates, according to Bartlett's calculation).

The estate tax non-gap: why repeal a "voluntary" tax?

gross estates of nonresident aliens (NRAs) reported on U.S.

Foreign partnerships in estate tax planning for NRAs

No prior gifts were made and the gross estates are $2 million and $30 million.

Income in respect of a decedent. (Estates and Trusts)

Estate tax returns filed for 2004 decedents with gross estates above $1.5 million reported a combined $185.9 billion in total gross estate.

Federal estate tax returns filed for 2004 decedents

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.S.

Pre-U.S. immigration estate planning for nonresident aliens

In 2001, some 108,330 individuals died with gross estates above the estate tax exclusion amount of $675,000 in assets.

Utilization of special estate tax provisions for family-owned farms and closely held businesses

However, the decedent's nondeductible contributions are excluded from the total.[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.

Income in respect of a decedent: minimizing the double taxation

The Tax Reform Act of 1984 repealed the exclusion from gross estates of qualified retirement plan benefits attributable to employer contributions.

Estate taxes and retirement plans

Unexpended amounts would have been included in their gross estates at death.

Significant recent developments in estate planning

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.

Charitable Bequests: Evidence from Federal Estate Tax Returns

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.