1 ) Colonel Joshua Lawrence Chamberlain dies and has the following assets: Please indicate which assets are in his taxable estate and which are out and of course, why its in or out.

A ) 5 years prior to his death, he transferred his Condo in Florida to his grandson with the agreement that he could stay there rent free for 1 week each year between Christmas and new years

B ) He has a life insurance policy insuring his own life. He is the owner of it. His son Josh Jr is the beneficiary.

C ) He owns a house with his wife. On his date of death the house is worth $ 250,000. His wife purchased the property in her own name prior to their marriage, and after they were married she put his name on the deed