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Problem 1 8 - 4 6 ( Algorithmic ) ( LO . 6 , 7 ) Tavon dies and is survived by his spouse, Marge.
Problem AlgorithmicLO
Tavon dies and is survived by his spouse, Marge. Under Tavon's will, all of his otherwise uncommitted assets pass to Marge. For each of the
property interests listed below, determine the marital deduction allowed to Tavon's estate.
If an amount is zero, enter If required, round your final answers to the nearest dollar.
a Timberland worth $ owned by Tavon, Marge, and Amber Marges sister as
equal tenants in common. Amber furnished the original purchase price.
b Residence of Tavon and Marge worth $ owned by them as tenants by the
entirety with right of survivorship. Tavon provided the original purchase price.
c Insurance policy on Tavon's life maturity value of $ owned by Marge and
payable to her as the beneficiary.
d Insurance policy on Tavon's life maturity value of $ owned by Tavon with Marge
as the designated beneficiary.
e Lumpsum distribution from a qualified pension plan of $Tavon had contributed
$ to his account with Marge as the beneficiary.
$
$
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