Assertion: probate's estate | /r/HasProperty | large
Facets:
value: very
type: DEGREE
value: for deaths
type: PURPOSE
value: in 2020
type: TEMPORAL
value: with many different assets
type: OTHER
Source sentences:
text: If the estate is very large—for deaths in 2020, more than $11.58 million—federal estate tax may be due.
text: taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: If the estate is large enough, the personal representative may also need to file estate tax returns (due nine months after the date of death).
text: A federal estate tax return will be required only if the taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: Probate is usually applied to large estates or significant sums of money.
text: the estate is large enough only to cover the expenses of the last illness and funeral, the family allowance, the homestead allowance, and some expenses.
text: If the estate is very large, it may owe federal estate tax.
text: To be fair, even if you don’t need probate, you’ll have to file an estate tax return if your estate is large enough.
text: When the estate is large enough to require estate taxes, the process can take more than a year.
text: If the estate is large enough, it may also owe federal estate tax, but this tax will be due whether or not there is a probate court proceeding.
text: State and federal estate tax returns will be required only if the taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: A federal estate tax return will be required only if the taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: A federal estate tax return will be required only if the taxable estate is very large—for deaths in 2020, more than $11.58 million.
text: The estate is very large with many different assets
text: It also ensures that creditors can make claims for payment from the decedent's estate, and that final tax returns are filed, including an estate tax return if the estate is large enough.
text: Yet unless a person's estate is large and complex, probate cases can be completed for as little as a few hundred pounds.