Last year Robert transferred a life insurance policy worth $$49,500$ to an irrevocable trust with directions to distribute the corpus of the

trust to his grandson, Danny, upon his graduation from college, or to Danny's estate upon his death. Robert paid $$16,500$ of gift tax on

the transfer of the policy. Early this year, Robert died and the insurance company paid $$440,000$ to the trust. What amount, if any, is

included in Robert's gross estate?

Amount to be included in Robert's gross estate