1. Melissa established a revocable trust with son Gilbert as remainder beneficiary. The value of assets was $80,000 when the trust was created and $12,500,000 when Melissa died. Based on these facts, what is included in Melissa s estate

2 Suzanne and Philip are married and have a 9-year old grandson, Basil. They want to contribute to a 529 plan on behalf of Basil s s education. For 2015, what is the maximum amount they can transfer to the plan without making a taxable gift? Assume Basil will be attending a 5 year university.