JoAnn is a single woman with no children. She has about $$25,000,000$ in assets and wants to reduce her potential taxable estate if she dies. She creates a trust with a bulk of her assets. She retains a yearly annuity payout for seven years after the date the trust was created or until she dies, whichever is less. The remainder beneficiary is her niece, Ellie. JoAnn creates the trust on January $29,2020$ and dies on April $8,2021.$ On the date of her death, the trust had $$26,500,000$ in assets.

$1.$ What type of specific trust did JoAnn create?

$2.$ Will any portion of the trust assets be included in JoAnn$$s gross estate? $($yes or no$)$