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1. Downed tax exempt municipal bonds. Are the bonds includable in her gross estate? See Treas. Reg. $ 20.2033-1(a). 2. D owned a term life
1. Downed tax exempt" municipal bonds. Are the bonds includable in her gross estate? See Treas. Reg. $ 20.2033-1(a). 2. D owned a term life insurance policy on the life of her brother. If D predeceases her brother, is the policy includable in D's gross estate? 3. D died as a result of an automobile accident in which driver, A, was at fault. D survived a week after the accident before dying. Immediately after D's death, the personal representative of D's estate instituted a negligence action against A claiming $400,000 in damages for pain and suffering by D during the week, and $500,000 in damages for causing Ds death. A's insurance company settled for $500,000, of which $300,000 was designated for the wrongful death and $200,000 for the pain and suffering. What amount would be included in D's gross estate? See Rev. Rul. 75-127, 1975-1 C.B. 297. 4. Decedent purchased a $200,000 bond on January 1, paying 4% annual interest; $4,000 on June 30 and $4,000 on December 31. On June 29 of the same year, decedent died. What would be included in decedent's gross estate
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