The concept of "your gross estate", i.e., "basically the fair market value of the assets you own on the date of your death and is the figure upon which the federal estate tax is based." seems pretty clear, actually. I may not fully understand the probate process as it pertains to my question, though. I haven't slogged through the IRS rabbit warren regarding this matter, but I have tried to get a feel for what estate taxation involves. About the only relatively clear result of my search is this:
With a properly designated beneficiary, your Roth account will not be included as part of an estate ...
It IS from Investopedia, not the IRS, but I didn't spend too much time drilling though to see what IRS page or pages addressed the matter. This is mostly a curiosity issue, but I do want to consult a financial planner to see what, if anything, we can do to ensure what we leave behind, after taxes, is maximized for our children. Hence I am attempting to learn a bit about this.
Thanks.
TH666
