Question 6: At the time of his death Shawn had the following assets:

Home owned jointly with rights of survivorship with his wife Amy, valued at $600,000. Stock account in his individual name, valued at $500,000. .Life estate received from his mother, Judy, in a family vacation home. The home is worth $1,000,000. Shawns sister Toby is the remainder beneficiary.. IRA worth $750,000. His wife Amy is the primary beneficiary for the IRA.

XVII. What is the value of assets that will be included in Shawns gross estate?

$2,850,000

$1,850,000

$1,550,000

$1,100,000

XVIII

Using the data from question 4 above, what is the value of assets that will be subject to probate at Shawns death

$1,250,000

$1,000,000

$750,000

$500,000

XIX.

What was Jack's (above) estate tax liability? Show your work.

XX

What was Jack's (above) taxable estate? Show your work.