Alabama Form Est 1 PDF Details

In navigating the complexities surrounding the final affairs of a loved one, the Alabama EST-1 form emerges as a critical document for those overseeing estates in Alabama. This form, sanctioned by the Alabama Department of Revenue, Individual and Corporate Tax Division, Estate Tax Section, serves as an Application for Estate Tax Waiver. It's designed to be completed in triplicate and encompasses a range of information, starting from the decedent's full name and the date of their passing, to specifics about their legal residence at the time of death, their Social Security Number, and the necessity of filing a Federal Estate Tax Return (Form 706). Moreover, it seeks details on the total gross estate value and outlines the process for listing the assets within the estate that require the transfer. The person managing the estate must accurately describe these assets, which may include stocks, bonds, annuity contracts, life insurance policies, and real property, ensuring that each category is thoroughly detailed as per the instructions provided. Also included on the form is a section for the executor or administrator to specify where the waiver should be sent upon approval. Designed to aid in the smooth transfer of assets and mitigate legal hurdles during a time of mourning, the EST-1 form is integral to fulfilling both state requirements and the wishes of the decedent.

QuestionAnswer
Form NameAlabama Form Est 1
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesdecedent, Executor, Photocopy, Bedsole

Form Preview Example

 

FORM

 

ALABAMA DEPARTMENT OF REVENUE

Complete in Triplicate

EST-1

INDIVIDUAL AND CORPORATE TAX DIVISION, ESTATE TAX SECTION

and Mail All Copies

is acceptable)

 

 

 

Application For Estate Tax Waiver

(Carbon or Photocopy

 

6/99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Name of decedent (First)

(Initial)

(Last name)

 

2. Date of death

 

 

 

 

 

 

3.

Decedent’s legal residence at time of death

 

 

4. Decedent’s Social Security Number

 

 

 

 

 

5.

Has Federal Estate Tax Return (Form 706) been filed?

6. Total gross estate

(Give the total gross estate value as reported on

 

Yes No

 

 

$

Form 706. If Form 706 has not been filed, show

 

 

 

approximate value.)

 

7.

Person to contact for

 

Name

 

 

Telephone No. (

)

 

additional information:

 

Address

 

 

 

 

8.Describe the assets in the estate which are to be transferred. (If additional space is needed, attach additional sheets.) See instructions on reverse side.

No. shares stock or

 

 

face value of bonds

Name of Company

Description

ABOVE INFORMATION MUST BE COMPLETED ON EACH APPLICATION BEFORE WAIVER CAN BE ISSUED

A SEPARATE SET OF WAIVERS MUST BE COMPLETED FOR EACH COMPANY

Under penalties of perjury, I declare that I have examined this waiver and, to the best of my knowledge and belief, it is true, correct, and complete.

▼

ADMINISTRATOR’S OR AGENT’S SIGNATURE

DATE

Alabama Department of Revenue

Individual and Corporate Tax Division

Estate Tax Section

P. O. Box 327440

Montgomery, AL 36132-7440

ESTATE TAX WAIVER

9.NAME AND ADDRESS TO WHICH WAIVER SHOULD BE MAILED (Executor / Administrator)

▼

FOR OFFICIAL USE ONLY

This Estate Tax Waiver is hereby approved by the Alabama Department of Revenue.

Signed ______________________________________________

Ron Bedsole, Estate Tax Supervisor

Date ________________________________________________

Valid only when signed by an authorized agent of

the Alabama Department of Revenue.

Instructions For Completing Form EST-1

This application must be completed in triplicate and all 3 copies mailed to the Alabama Department of Revenue, Individual and Corporate Tax Division, Estate Tax Section, P. O. Box 327440, Montgomery, AL 36132-7440. A separate set of waivers must be submitted for each company. If approved, the original and one copy will be returned to you.

LINES 1 through 7. Complete lines 1 through 7 of the application giving the information requested.

LINE 8. Describe the assets in the estate which are to be transferred. Examples of the information required on the different assets is described below.

(A)Stocks and Bonds. (1) Number of shares, (2) Name of stock or bond, (3) Type or Class (preferred, common, etc.), (4) For jointly held stocks or bonds, list name of Co-Tenant and indicate if held with right of survivorship.

Example:

410 Shares – ABC Corporation – Common

John R. Doe and Mary Doe with right of survivorship

(B)Annuity Contract or Life Insurance Policy. (1) Name of Company, (2) Commuted value of Annuity contract or life insurance policy as of decedent’s date of death (or schedule of settlement), (3) Name of the Beneficiary, (4) Type of Annuity (Retirement, Single

Purchase, etc.) or life insurance policy (whole life or term), (5) Contract Number or Policy Number.

Examples:

ABC Insurance Company – Retirement Annuity

Contract #12345

$3,840.00 Beneficiary Mary Doe

 

 

 

 

 

XYZ Insurance Company – Life Insurance

Policy #67890

$5,850 Beneficiary John Smith

 

 

 

(C)Real Property. (1) Legal description of property or mineral rights as appears on deed or in contract, (2) For jointly held property, list name of Co-Tenant.

Example:

Montgomery County, Lot 1, according to the map of John P. Jones’ Survey, as recorded in Map Book 25 at page 8 in the office of the Judge of Probate, Montgomery, Alabama, Jointly held property, Co-Tenant Mary R. Doe.

LINE 9. Enter the name and address to which the waiver should be mailed.

Mail The Original And 2 Copies

Of This Application To:

Alabama Department of Revenue

Individual and Corporate Tax Division

Estate Tax Section

P. O. Box 327440

Montgomery, AL 36132-7440

If you have any questions concerning the completion and/or submission of this application, please contact the Estate Tax Section of the Individual and Corporate Tax Division at (334) 242-1000.

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