At the time of her death,Stefanie held a promissory note from a loan she had made to her son.If Stefanie's will forgives the loan,nothing regarding the note is included in her gross estate.

Question

Quizplus · Accepted Answer

Even if Stefanie's will forgives the loan, the promissory note would still be considered an asset in her gross estate. The value of the note would need to be included in determining the total value of her estate for tax purposes.

At the Time of Her Death,Stefanie Held a Promissory Note