The Alabama Est 1 form is an application for an estate tax waiver, managed by the Alabama Department of Revenue. This form must be completed in triplicate and submitted to the Individual and Corporate Tax Division, Estate Tax Section. It captures essential details about the decedent, their estate, and the assets to be transferred.
The Alabama EST-1 form serves as an essential document for individuals and entities seeking an estate tax waiver in the state of Alabama. This application must be completed in triplicate and submitted to the Alabama Department of Revenue's Individual and Corporate Tax Division, specifically the Estate Tax Section. The form requires critical information, including the decedent's name, date of death, legal residence, and Social Security number. Additionally, applicants must indicate whether a Federal Estate Tax Return, known as Form 706, has been filed, along with the total gross estate value. It is imperative to provide detailed descriptions of the assets within the estate that are subject to transfer, such as stocks, bonds, annuities, life insurance policies, and real property. Each asset must be accurately documented, including specifics like the number of shares for stocks or the legal description for real estate. Furthermore, the form mandates the inclusion of a contact person for additional information and specifies the address to which the approved waiver should be mailed. Completing the EST-1 form accurately is crucial, as it must be signed under penalties of perjury, affirming that the information provided is true and complete. The Alabama Department of Revenue will only issue a waiver once all required information is furnished, and separate applications are necessary for each company involved in the estate.
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
6/14
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
9.NAME AND ADDRESS TO WHICH WAIVER SHOULD BE MAILED (Executor / Administrator)
Alabama Department of Revenue
Individual and Corporate Tax Division
Estate Tax Section
P.O. Box 327440
Montgomery, AL 36132-7440
ESTATE TAX WAIVER
FOR OFFICIAL USE ONLY
This Estate Tax Waiver is hereby approved by the Alabama Department of Revenue.
Signed ______________________________________________
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.
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:
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) 242-1033.
Al Bpt-v - Ensuring all sections are completely filled in will help in establishing a strong foundation for your case.
When engaging in the transfer of ownership for a mobile home in Washington State, it is crucial to utilize the appropriate legal documentation to prevent any misunderstandings. The Washington Mobile Home Bill of Sale form is essential for detailing the specifics of the transaction and can be conveniently accessed through WA Documents, ensuring that all parties are well-informed and protected throughout the process.
Alabama Business License Application - Get informed on the additional registration materials provided by the municipality post-application submission.
Alabama Affidavit Form - Structured to facilitate the smooth operation of legal proceedings by ensuring all parties receive necessary documents timely.