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On April 1, 2009, Roy transferred to Sally ownership of a $400k life insurance policy (with a value of $20k at the time of the

On April 1, 2009, Roy transferred to Sally ownership of a $400k life insurance policy (with a value of $20k at the time of the transfer) on his own life purchased in 1997. Roy died on February 3, 2012. What amount should be included in Roys estate for the life insurance?

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