h. The balance of my assets is to be divided equally between the Kohler Arts Center in Kohler, Wisconsin, and the Wisconsin Maritime Museum in Manitowoc, Wisconsin. In addition to the above listed...


h. The balance of my assets is to be divided equally between the Kohler Arts Center in Kohler, Wisconsin, and the Wisconsin Maritime Museum in Manitowoc, Wisconsin. In addition to the above listed items, all other assets of Walter’s estate were liquidated for a total amount of $1,500,000 cash. Allowable deductions, excluding charitable donations, against his gross estate amounted to $235,000. All calculations of estate tax should use the rates and unified credit set forth in the text.


Prepare a schedule to determine who will receive a general legacy from Walter’s estate and the amount of each legacy.



Jan 08, 2022
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