The executor of Isabella's estate incurred administration expenses of $32,000 and paid$5,000 in funeral expenses. The executor charged the estate for $24,000 in fees. What is the maximum amount Isabella's estate can deduct in computing the adjusted gross estate?

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The maximum amount that Isabella's estate can deduct in computing the adjusted gross estate is the sum of administration expenses ($32,000), funeral expenses ($5,000), and any claims against the estate that were paid ($0 in this case). This total is $37,000. However, the estate can also deduct any fees paid to the executor that were reasonable and customary. In this case, the executor charged $24,000 in fees. Therefore, the maximum deduction is $61,000 ($37,000 + $24,000).

The Executor of Isabella's Estate Incurred Administration Expenses of $32,000