At the Time of Clint's Death, Part of His Estate

question 57

Short Answer

At the time of Clint's death, part of his estate consists of the following.
∙ Roth IRA (value of $1,000,000) with Jennifer as the designated beneficiary.
∙ Land (worth $3,000,000) held in joint tenancy with Jennifer. Jennifer is Clint's wife and originally furnished the purchase price.
∙ Building (worth $3,000,000) held as equal tenants in common with Jennifer and Dana. Dana is
Clint's mother, and she originally purchased the property.
Under Clint's will, all of his property passes to his wife, Jennifer. How much marital deduction is Clint's estate allowed? Clint and Jennifer live in Tennessee.

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Definitions:

Antisocial Personality Disorder

A mental condition where an individual consistently shows no regard for right and wrong and ignores the rights and feelings of others.

Hoarding Disorder

A psychiatric condition characterized by persistent difficulty discarding or parting with possessions, regardless of their actual value.

Illness Anxiety Disorder

A chronic mental health condition characterized by excessive worry about having a serious illness, despite having few or no symptoms.

Social Anxiety Disorder

A mental health condition marked by intense fear or anxiety in social situations due to concerns about being judged, embarrassed, or scrutinized by others.