As outlined by IRC Secs. 2033 – 2042, a decedent's gross estate is made up of the total value of all property owned by the individual at death. The following properties are included in the gross estate: 

 

• Real Estate
• Stocks and Bonds
• Mortgages, Notes, and Cash
• Insurance on the Decedent's Life
• Jointly Owned Property
• Transfers During the Decedent's Life
• Powers of Appointment
• Annuities

Synopsis of Form 706 Calculations

 

 

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