JavaScript is required to run this application. Please enable JavaScript, then refresh this page.

What is excluded from the Estate?

Share Link:
Categories:

Summary:

Generally, the Gross Estate does not include property owned solely by the decedent's spouse or other individuals.

Answer:

Generally, the Gross Estate does not include property owned solely by the decedent's spouse or other individuals. Lifetime gifts that are complete (no powers or other control over the gifts are retained) are not included in the Gross Estate (but taxable gifts are used in the computation of the estate tax). Life estates given to the decedent by others in which the decedent has no further control or power at the date of death are not included.

Notes:

Was this answer useful to you?