The situation:Mother and Daughter 1 are JTROS on an account worth $500k.There are 4 daughters altogether. The other 3 daughters are notnamed on the account.Mother passes on just recently.Mother's estate ( from federal estate tax point of view ) is( according to the lawyer )this $500k account + some IRAs + a house. This total is > $700k.( This total is after all possible marital deductions are accounted for. Mother was married at the time of death. )( This $700k is to be distributed evenly among the daughters. Mother's spouse gets his share through marriage deductions. )First question: how come the $500k account is 100% included in thefederal estate? Since it is JTROS, I would have thought that only50% of the $500k would have been in the estate ( thusbringing the estate total below the magic $675k number ).It seems that Penna, where Mother lived, only counts 50% of thisaccount for its tax calculation. Next question: What tax lessons can be learned from thisfor future generations ?Next question: This $500k account was created Foolishly froman inheritance that Mother received wayback. Does this piece of information mean anything in the federal tax calculation ?FoolInThePinez--
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