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Dave has $100,000 life insurance policy. Dave dies owning the policy and the proceeds are payable to his cousin Guido. When Dave's executor files the

Dave has $100,000 life insurance policy. Dave dies owning the policy and the proceeds are payable to his cousin Guido. When Dave's executor files the estate tax return for Daves estate will the proceeds be treated as includible in the gross estate for estate tax purposes? Why or why not?

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