In determining estate taxes, the estate is valued by subtracting all liabilities including funeral expenses from the value of all assets including a home.

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In determining estate taxes, the total value of the estate is calculated by adding up all assets, including real estate like a home, and then subtracting liabilities and expenses such as funeral expenses. This provides the net value of the estate for tax purposes.

In Determining Estate Taxes, the Estate Is Valued by Subtracting