Husband and Wife wanted to create a family trust for the management of their estate during their…

Husband and Wife wanted to create a family trust for the management of their estate during their lifetimes and after their deaths. They decided to create a revocable trust, which provided for the creation of a Survivor’s Trust, a Bypass Trust, and a QTIP Trust at the death of the first spouse. Husband had two children from a prior marriage; Amanda and Beth. Wife also had two children from a prior marriage; Chris and David. Each spouse wanted to leave their respective share of the trust estate in trust for the use of the surviving spouse for that person’s lifetime. Both Husband and Wife wanted their properties to pass to their respective children upon the death of the surviving spouse. Wife died in 2021. At the time of her death, the trust contained the following properties: Residence $1,250,000 Community property Stock Porfolio $2,650,000 Community property Rental properties $2,700,000 Community property Misc. personal property $ 250,000 Community property Bank accounts $ 450,000 Community property Vacation home $ 750,000 Husband’s separate property Coins and Stamps $ 230,000 Husband’s separate property Commercial property $12,500,000 Wife’s separate property Business ownership $ 8,00,000 Wife’s separate property What was the value of Wife’s gross estate at the time of her death?

What was the value of Husband’s estate at the time of the death of Wife?

In order to fully apply Wife’s estate tax exemption amount and not pay any estate tax at her death, how much of Wife’s estate would be used to fund the Bypass Trust?

What would be the value of the assets used to fund the Survivor’s Trust?

How much of wife’s estate would be used to fund the QTIP trust?

If Husband died later in 2021 and the Survivor’s Trust and the QTIP Trust had not changed value, for Federal Estate Tax purposes, what was the value of Husband’s estate at his death?

What amount of Husband’s estate would be subject to Federal Estate Tax at his death after applying his estate tax exemption amount?