57.At the time of her death in 2007, Brooke still owed $20,000 on her church pledge for the year. As church pledges are not an enforceable obligation in the state where Brooke resided, her estate cannot claim a deduction for the $20,000 it later pays.
PTS:1REF:p. 27-2858.As a result of an auto accident which killed him, Mel totaled a Hummer worth $45,000. If the insurance company covers $30,000 of the loss, Mel’s estate can claim a deduction of $15,000 in arriving at the taxable estate.
PTS:1REF:p. 27-2959.At the time of his death, Hank owned 10 cemetery lots worth $30,000 ($3,000 each) for use by himself and his family. As to these lots, nothing is included in Hank’s gross estate and no deduction is allowed the estate.
REF:p. 27-2860.The same charitable organizations that qualify for income tax purposes qualify for estate tax purposes.
PTS:1REF:p. 27-2961.In his will, Hernando provides for $50,000 to go to the Madrid, Spain, school system. Since it is a foreign charity, the bequest will not qualify as a charitable deduction for estate tax purposes.
PTS:1REF:p. 27-2962.Manfredo makes a donation of $50,000 to the church where he was baptized in Mexico City. The gift does not qualify as a charitable contribution for Federal income tax purposes.