16 cu Ramas gross estate? 0.1 Jim creates an irrevocable trust with $1 million in securities. Under the trust terms, Alice (age 40) receives a life estate and Bernice (age 10) receives the remainder interest. The appropriate IRS valuation table reflects a remainder factor of 0.05347 for age 10 and 0.18619 for age 40. a. What is Jim's gift to Bernice? b. Is the annual exclusion available for the gift to Bernice? c. If Alice is Jim's wife, does Jim's gift to her qualify for the marital deduction