Problem

Zac Peterson’s estate reports the following information: Value of estate assets$2,300,00...

Zac Peterson’s estate reports the following information:

Value of estate assets

$2,300,000

Conveyed to spouse

1,000,000

Conveyed to children

230,000

Conveyed to trust fund for benefit of cousin

500,000

Conveyed to charities

260,000

Funeral expenses

23,000

Administrative expenses

41,000

Debts

246,000

What is the taxable estate value?

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