Question
At the time of her death on October 4, Nancy Was the sole life beneficiary of a trust (assets worth $2 million) created 10 years
At the time of her death on October 4,
Nancy Was the sole life beneficiary of a trust (assets worth $2 million) created 10 years ago by George (Nancy's husband). The transfer was by gift of securities then worth $ 500,000 George and Nancy's children are the remainder beneficiaries. Owned stock in Yahoo Corporation (basis of $........800,000......... and fair market value of $ 1 million ). On September 7, a dividend of $....48,000............. was declared on the stock payable to all shareholders of record on October 3. The $......48,000................ was received by George's executor on October 19. Made a taxable gift of $.......400,000.......... in a prior tax year.
As to these transactions, George's gross estate includes?
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