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What is the amount of the marital deduction on estate tax

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Reference no: EM133162346

Question - When Jane dies this year her gross estate included the following:

Cash $39,138 held in Jane's name

Investments $104,395 titled JTWROS with her husband Jake a US. Citizen

Life Insurance $258,448 son is beneficiary

House $458,559 owned solely by Jane

Jane's will leaves $20,000 to her son and the remainder of her probate assets to Jake. Estate Administrative expenses are $25,000 for administrative expenses, $50,000 for funeral expenses and $20,000 for credit card debt. What is the amount of the marital deduction on Jane's estate tax return?

Reference no: EM133162346

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