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Trust Glossary

Gross Estate - All property and interests in property held by a decedent at death or otherwise imputed to the decedent under estate tax law. A decedent's gross estate is inventoried in the relevant schedules of his/her federal estate tax return as follows:
  1. Real Estate
  2. Stocks and Bonds
  3. Mortgages, Notes, and Cash
  4. Insurance on the Decedent's Life
  5. Jointly Owned Property
  6. Other Miscellaneous Property
  7. Transfers During Decedent's Life
  8. Powers of Appointment
  9. Annuities

Total Gross Estate = Sum of the Above

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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