At his death Trevor had a probate estate consisting of $4 million of property. Which of the following is a true statement about Trevor's estate or estate tax?

Question

Quizplus · Accepted Answer

The gross estate includes all property owned by the decedent at the time of death, so if Trevor's probate estate was worth $4 million, his gross estate must have been at least $4 million. The taxable estate, adjusted gross estate, and estate tax base may be less than the gross estate depending on deductions and exemptions. Therefore, choices A, B, and C are not necessarily true.

At His Death Trevor Had a Probate Estate Consisting of $4