Read the question below and place a check mark next to the item, if it will be included in the gross estate of the deceased.

At the time of his death this year on August 3, 2015, Audrey owned the following assets.

Item	Fair Market Value
City of Boston Bonds	$2,500,000
Stock in Brown Corporation	900,000
Promissory note issued by Jake (Audreys son)	600,000

In December, the executor of Audreys estate received the following: $120,000 interest on the City of Boston bonds ($10,000 accrued since August 3) and a $7,000 cash dividend on the Brown stock (date of record was August 15, 2015). The declaration date on the dividend was August 10, 2015. The $600,000 loan was made to Jake in late 2010, and he used the money to create a very successful business. The note was forgiven by Audrey in her will. Other items to consider are listed in the table below.

What is the tax treatment of each of the following items? If they are included in his estate, check the box. Even check the box when there is a partial interest in the personal asset. Other than item 1, all other activities occurred during the year that Audrey passed away.

Items Check Here

1	Audrey owned an insurance policy on her father, Logan. Upon Logans death in 2013, the policy proceeds of $2,000,000 are paid to the designated beneficiary Grace. Grace is Audreys daughter.
2	In 2010 Audrey purchased farmland costing $250,000. She titled the land to her son, Jake.
3	Audrey owned a $100,000 life insurance police on the life of her Son, Jake. The beneficiary of the policy is Jakes son, Gino. The CSV of the policy is $25,000 and Jake is still alive.
4	Audreys father who died in 2008 established a trust granting his daughter, Audrey, a life estate and the remainder to Audreys children. The trust was valued at $250,000 at Audreys passing.
5	The City of Boston Bonds.
6	The $10,000 of accrued interest on the City of Boston Bonds.
7	The stock in the Brown Corporation
8	Jakes Promissory Note
9	The $7,000 Cash Dividends on the Brown Stock
10	Now assume that the dividend declaration date was Aug. 1, 2015