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At the time of his death Jason had the following assets: Home owned jointly with rights of survivorship with his wife Sally, valued at
At the time of his death Jason had the following assets: Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000. Stock account in his individual name, valued at $250,000. Life estate received from his mother, Judy, in a family vacation home. The home is worth $1,000,000. Jason's sister Toby is the remainder beneficiary. IRA worth $750,000. His wife Sally is the primary beneficiary. What is the value of assets that will be included in Jason's gross estate?
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The gross estate includes all assets that a person owns or has an interest in at the time of their d...
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South Western Federal Taxation 2015
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
38th Edition
978-1305310810, 1305310810, 978-1285439631
