A Crown loan is a demand loan extended to children or parents of the lenders, named after Chicago industrialist Harry Crown. Originally interest-free, such loans are now regulated to include a market rate of interest or they are subject to gift taxes.
An estate tax payable is the amount resulting from specific deductions from the tentative estate tax, including the unified credit, state death taxes, gift taxes paid on gifts made before 1977, foreign death taxes, and estate taxes on prior transfers.
