Ohio State University Extension Bulletin

Estate Planning Considerations for Ohio Families

Section 11

Blank Forms to Analyze Your Own Estate Settlement Costs

Table 1. Asset and Liability Ownership and Value*
		Owned as Sole Proprietorship, Tenants in Common, or Joint with Rights of Survivorship with Spouse.		Joint with Rights of Survivorship with Someone Other Than Spouse
Asset	Total ($)	Spouse 1 ($)	Spouse 2 ($)	Spouse 1 ($)	Spouse 2 ($)
Real Estate
Farm 1
Farm 2
Cash on Hand or in Banks
Automobiles & Trucks
Machinery
Livestock
Crops
Household Goods
Life Insurance
Retirement Plans & Annuities
Transfers Subject to Tax
Stocks, Bonds, & Mutual Funds
Other Business Investments
Notes, mort. & Acct. Rec.
ASSET TOTALS
- Indebtedness
NET WORTH
* To see a completed table like this, click here: Asset and Liability Ownership and Values.

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Table 2. Estimating Estate Settlement Costs for A Married Couple Under Their Current Estate Plan and Under An Alternative Estate Plan*
	Current Plan		Alternate Plan
Ohio Estate Tax	Estate 1 ($)	Estate 2 ($)	Estate 1 ($)	Estate 2 ($)
Gross Estate	.	.	.	.
- insurance	.	.	.	.
- admin. expense	.	.	.	.
- debts	.	.	.	.
- charity	.	.	.	.
- marital deduction	.	.	.	.
= taxable estate	.	.	.	.
Tentative Tax	.	.	.	.
- credit	.	.	.	.
= OHIO ESTATE TAX	.	.	.	.
.
FEDERAL ESTATE TAX
Gross Estate	.	.	.	.
- admin. expense	.	.	.	.
- debts	.	.	.	.
- charity	.	.	.	.
- marital deduction	.	.	.	.
= taxable estate	.	.	.	.
Tentative Fed Tax	.	.	.	.
- Exclusion Amt.	.	.	.	.
- State tax credit	.	.	.	.
= FEDERAL ESTATE TAX	.	.	.	.
* To see a completed table like this, click here: Estimating Estate Settlement Costs.

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Table 3. Total of All Estate Liquidity Needs*
	Current Plan		Alternate Plan
	Estate 1 ($)	Estate 2 ($)	Estate 1 ($)	Estate 2 ($)
Administration Expense
Ohio Estate Tax
Federal Estate Tax
SUBTOTAL
+ Debts Payable at Death
= TOTAL LIQUIDITY NEEDS
TOTAL LIQUIDITY NEEDED FOR BOTH ESTATES
*Click here to see a table like this: Total of All Estate Liquidity Needs.

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November 2003

All educational programs conducted by Ohio State University Extension are available to clientele on a nondiscriminatory basis without regard to race, color, creed, religion, sexual orientation, national origin, gender, age, disability or Vietnam-era veteran status.

Keith L. Smith, Associate Vice President for Ag. Adm. and Director, OSU Extension.

TDD No. 800-589-8292 (Ohio only) or 614-292-1868