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Sam had a $300,000 life insurance policy with a gift purpose worth $80,000. Is there a taxable gift if his son was the beneficiary? What
Sam had a $300,000 life insurance policy with a gift purpose worth $80,000. Is there a taxable gift if his son was the beneficiary? What amount is included in the gross estate if Sam died in 2015? What would the adjusted taxable gift be?
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