Question
Jimmy owns two parcels of real estate, Tara and Sundance. Tara is worth $135,000 and Sundance is worth $202,500. Jimmy plans to bequeath Tara directly
Jimmy owns two parcels of real estate, Tara and Sundance. Tara is worth $135,000 and Sundance is worth $202,500. Jimmy plans to bequeath Tara directly to his wife Lois and leave her a life estate in Sundance.
Q. What amount of value will be included in Jimmys gross estate and taxable estate should he die now?
| Amount included in gross estate | |
| Amount included in taxable estate |
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
