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Incorrect Question 3 0 / 12.5 pts Vernon created a grantor trust with $1 Million. The trust will pay him $100,000 a year for
Incorrect Question 3 0 / 12.5 pts Vernon created a grantor trust with $1 Million. The trust will pay him $100,000 a year for the next 6 years with the remainder going to Greg, his life partner. When Vernon dies 8 years later, the trust is worth $300,000. What amount will be included in Vernon's Gross Estate? $1,000,000 $0 $100,000 $300,000 5-year lookback Incorrect Question 4 0 / 12.5 pts Vernon created a grantor trust with $1 Million. The trust will pay him $100,000 a year for the next 6 years with the remainder going to Greg, his life partner. When Vernon dies 4 years later, the trust is worth $300,000. What amount will be included in Vernon's Gross Estate? $0 $100,000 $1,000,000 $300,000
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