Glossary Item Box
This is the amount of the estate remaining after the federal estate taxes and expenses have been paid. This is also the amount that passes directly to the heirs.
Estate Tax Calculations
| Gross Estate | |
| less |
Deductible Expenses |
| less |
Marital Deductions and/or Charitable Deductions |
| equals |
Taxable Estate |
| Taxable Estate | |
| less |
Tentative Estate Taxes |
| less |
Applicable credit |
| equals |
Federal Estate Taxes |
| Taxable Estate | |
| less |
Federal Estate Taxes |
| equals |
After Tax Estate |
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