A died today (November 28, 2017) ________________ his 2 legitimate children with 5 legitimate children from former marriage.
Inventory of Property:
1. Property of A owned before his marriage to B 10 000 000
2. Property owned by B before her marriage to A 9 000 000 3. Income to the Property 1 earned during marriage 8 000 000 4. Income of the Property 2 earned during marriage 7 000 000 5. Property acquired by A through industry during marriage 6 000 000 6. Property acquired by B through industry during marriage 5 000 000 7. Property inherited by A during marriage 4 000 000 Fair market value of property through inheritance 3 000 000 8. Property inherited by B during marriage 3 000 000 9. Income in Property 7 earned 2 000 000 10. Income in Property 8 during marriage 1 000 000 11. Cash deposited in bank as priced from Lotto winnings of A 5 000 000 12. A family home purchased from this winnings in PCSO draw 6 000 000
Deductions:
Funeral Expenses 400 000
Judicial Expenses 500 000 Claims against Estate 700 000 Medical Expenses 600 000 Accrued Taxes 800 000
Will:
A donated cash 200 000 to city government for public purpose.
Requirements:
Determine the taxable estate of A, assuming spouses: