Describe two circumstances in which life insurance on a decedents life is includible in the gross estate

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Describe two circumstances in which life insurance on a decedent’s life is includible in the gross estate under Sec. 2042. If insurance policies on the decedent’s life escape being included under Sec. 2042, are they definitely excluded from the gross estate? Explain.
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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