| 0 | With a Roth conversion | |
|---|---|---|
| 1 | Original estate value | $21 million |
| 2 | Amount converted to Roth | $8 million |
| 3 | Conversion taxes due (37%) | $8 million x 37% = $2.96 million |
| 4 | Reduced estate | $21 million – $2.96 million = $18.04 million |
| 5 | Estate tax exemption | $12.92 million |
| 6 | Taxable estate | $18.04 million – $12.92 million =$5.12 million |
| 7 | Estate taxes due (40%)1 | $5.12 million x 40% = $2,048,000 |