Question
Charles contributed $450,000 to a revocable living trust in 2007. She named herself as the income beneficiary and her only daughter as the remainder beneficiary.
Charles contributed $450,000 to a revocable living trust in 2007. She named herself as the income beneficiary and her only daughter as the remainder beneficiary. The term of the trust was equal to Charles life expectancy. Charles died in 2016, when the fair market value of the trusts assets is $2,000,000. How much is included in Charles probate estate related to the revocable living trust? Why?
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International Finance Theory And Policy
Authors: Steven Michael Suranovic
1st Edition
193612646X, 9781936126460
