2. C is the residuary legatee under Ys will. C is also named as the executor of Ys estate. As executor, C is entitled to a fee for the administrative services he renders. Under what circumstances should C disclaim the right to payment for these fees?

Assignment: Complete the following problems. For all parts, assume the applicable rate under $ 7520 is 6% (do not use 2% as indicated in the text). 1. What are the amounts of the gifts to A and C in Part B of Problem #2 on page 295 of the text? 2. What if the income was not payable to A for life, but rather only for 25 years, remainder to C or C's estate? 3. What if $2,000 of income was payable each year to A for life (with the balance of the income to be added to the trust corpus), remainder to C or C's estate? 4. What if $2,000 of income was payable each year to A for 25 years (with the balance of the income to be added to the trust corpus), remainder to C or C's estate? Assignment: Complete the following problems. For all parts, assume the applicable rate under $ 7520 is 6% (do not use 2% as indicated in the text). 1. What are the amounts of the gifts to A and C in Part B of Problem #2 on page 295 of the text? 2. What if the income was not payable to A for life, but rather only for 25 years, remainder to C or C's estate? 3. What if $2,000 of income was payable each year to A for life (with the balance of the income to be added to the trust corpus), remainder to C or C's estate? 4. What if $2,000 of income was payable each year to A for 25 years (with the balance of the income to be added to the trust corpus), remainder to C or C's estate