In which of the following situations has a transfer been completed for gift tax purposes? John and his son establish a joint bank account and John deposits funds into the account, a week later the son withdrawals the funds. Bill mails his nephew a check for $100 as a birthday gift. Jane's grandmother, dying of cancer, gives Jane a valuable family heirloom and indicates that she wants Jane to have it when she dies from the illness. O Dianna establishes and funds a revocable living trust to benefit here two children, QUESTION 24 Which of the following assets will not be included in a Probate Estate? O A car owned fee simple. O A revocable living trust. O A duplex owned tenancy in common. O Artwork given to a child through a Will QUESTION 25 Walter, divorced, gives his son $10,015,000 and his daughter $10,015,000. Walter has never given any gifts to anyone else over his lifetime. How much gift tax would be due? O $3,368,000 O $0 O $20,000,000 O $800,000