- 17 -
consisting of one-half the community property in the
aggregate amount of $5,627,722.06, is composed of the
following assets:
Real estate, Sch. A $1,041,375.00
Stocks and bonds, Sch. B 2,374,002.67
Mortgages, notes, and cash, Sch. C 1,537,013.93
Insurance on decedent's life, Sch. D25,000.00
Jointly owned property, Sch. E 105,576.96
Other miscellaneous property, Sch. F
Partnerships 292,500.00
Leasehold on bldg. and lot 115,000.00
Option agreement 20,000.00
Overpayment of Federal income tax 1,991.00
Jewelry and furs 100,262.50
Household furnishings 15,000.00
Total 5,627,722.06
A Schedule M--Bequests, Etc. to Surviving Spouse,
was filed with the petitioner's estate tax return. The
executor answered "no" to question 1 on Schedule M. That
question asks:
Did any property pass to the surviving spouse as
a result of a qualified disclaimer? If "Yes",
attach a copy of the written disclaimer required
by section 2518(b).
No written disclaimer was attached to the petitioner's
estate tax return.
In response to question 2 on Schedule M, the executor
checked the space provided to "elect to claim a marital
deduction for qualified terminable interest property (QTIP)
Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 NextLast modified: May 25, 2011