Richard recently passed away. The value of his assets at the time of death was $10,250,250. The cost of his funeral was $15,000, while estate administrative costs totaled $72,000. As stipulated in his will, he left $1,000,000 to charities. He also accumulated gifts to his children exceeded the allowable gift tax exclusion by $500,000. Based on this information, answer the following questions: a. Determine the value of Richard's gross estate.
