g. Proceeds from the life insurance policy with a death benefit of $1,200,000 would be placed in a trust for the benefit of Charles’s two minor children. Administrative and funeral expenses associated...

g. Proceeds from the life insurance policy with a death benefit of $1,200,000 would be placed in a trust for the benefit of Charles’s two minor children.

Administrative and funeral expenses associated with Charles’s estate totaled $30,000. Charles’s income tax returns for the year of death reported unpaid federal and state income taxes of $13,000.

1. Assuming the unified transfer tax rates and unified credit as set forth in the text, determine the amount of estate tax due on Charles Kamp’s estate.

2. Prepare a schedule showing the amounts and recipients of general legacies.