Here is what I'm thinking, please correct me if it sounds wrong.
Nothing will be retained in the estate once all the taxes are settled. It will all be distributed in 2020 and 2021. In 2020 there were distributions to the charities listed in the will, as well as distributions to family. The distributions to charities greatly exceed the amount of income and capital gains earned by the estate before the investments were sold. So can I take those as a charitable deduction, reducing the taxable income to zero? And then consider the distributions to family as coming from the assets?
