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Barry transfers $1,160,000 to an irrevocable trust with income to Robin for her life and the remainder to Maurice (or his estate). Calculate the value

Barry transfers $1,160,000 to an irrevocable trust with income to Robin for her life and the remainder to Maurice (or his estate).

Calculate the value of the life estate and the remainder if Robin's age and the prevailing interest rate result in a Table S discount factor of 0.27 for the remainder.

Value of life estate

Value of remainder

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