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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
Tavon dies and is survived by his spouse, Marge. Under Tavons will, all of his otherwise uncommitted assets pass to Marge. For each of the property interests listed below, determine the marital deduction allowed to Tavons estate.
Timberland worth $ owned by Tavon, Marge, and Amber Marges sister as equal tenants in common. Amber furnished the original purchase price.
Residence of Tavon and Marge worth $ owned by them as tenants by the entirety with right of survivorship. Tavon provided the original purchase price.
Insurance policy on Tavons life maturity value of $ owned by Marge and payable to her as the beneficiary.
Insurance policy on Tavons life maturity value of $ owned by Tavon with Marge as the designated beneficiary.
Lumpsum distribution from a qualified pension plan of $Tavon had contributed $ to his account with Marge as the beneficiary.
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