Grandma gave you the ownership of her house. She reserved a lifetime usufruct (basically a life estate) in the property. At the time of the gift, the house was worth $100,000. Using the IRS tables, it was determined that her life interest was worth $30,000 and your remainder interest was worth $70,000. She has now died with the FMV of the house being $120,000. What value is included in her estate? a. $30,000 b. $120,000 c. Nothing she already gifted it d. $70,000 e. $100,000 Grandma gave you the ownership of her house. She reserved a lifetime usufruct (basically a life estate) in the property. At the time of the gift, the house was worth $100,000. Using the IRS tables, it was determined that her life interest was worth $30,000 and your remainder interest was worth $70,000. She has now died with the FMV of the house being $120,000. What value is included in her estate? a. $30,000 b. $120,000 c. Nothing she already gifted it d. $70,000 e. $100,000