Joy died on November 5, 2015. Soon after Joys death, the executor discovered the following insurance policies
Question:
Joy transferred ownership of policies 757 and 848 to her son in 2009. She gave ownership of policy 414 to her daughter in 2013. Indicate the amount includible in Joys gross estate for each policy.
Transcribed Image Text:
Policy Number Owner Beneficiary Face Value Joy Joy's son Joy's son Joy's daughter Joy's husband Joy's estate Joy's son Joy's husband 123 S400,000 757 225.000 848 300,000 414 175,000
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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