What assets are considered in the gross estate?

Minnesota estate planning attorney Karen Schlotthauer explains how a gross estate includes all of the decedent’s assets.

Contact Karen Schlotthauer

Email: [email protected]

Phone: (612) 336-9324

Transcript:

Do you count only probate assets in someone’s gross estate? No. A gross estate includes all of the decedent’s assets, whether it’s probate or non-probate. It would include life insurance death benefits, real estate, jointly-owned assets, all retirement plans. Really anything they have control over will become a part of their gross estate.