6 percent of gross estate
to charity, compared to a range of 24.
Set forth in Table 1 are the effective tax rates and charitable contributions for all estates reporting gross estates
of $5 million or more from 2002 through 2006.
Conversely, decedents employed in each of the other broad occupation groups had average gross estates
below the overall average, $4.
stocks, bonds or mutual funds, these items most likely will be includible in their gross estates
, whether or not they are domiciled in the U.
It applied to net estates, defined as the total property owned by a decedent, the gross estate
, less deductions.
Further, no deduction for estate taxes paid attributable to the installment receivable was available, because the receivable was not includible in the decedent's gross estate
In this article, liquid assets include cash, State and local bonds, Federal Government bonds, publicly traded stock, and insurance on the life of the decedent owned by the decedent and included in the total gross estate
2040 would have included only one-half of the property in the decedent's gross estate
In 2001, the second highest percentage of nonresident alien estates was in the gross estate
category of $60,000 under $100,000, with 24.
22) It proposes: (1) an exclusion from the gross estate
for insurance proceeds on the life of the decedent in limited situations; and (2) an alignment of the section 2503(b) (23) annual exclusion amount with the section 2514(e) (24) safe harbor for lapsing powers of appointment for purposes of ILITs.
The IRS ruled that no portion of the trust was includible in the daughter's gross estate
These samples were limited to returns filed for decedents who died after 1981 with total gross estates
of at least $600,000.