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This question is from my Wills Estates and Trusts class. Jane transfers the following from her bank account: a. $200,000 into a revocable trust, payable
This question is from my Wills Estates and Trusts class.
Jane transfers the following from her bank account:
a. $200,000 into a revocable trust, payable to her mother for life
b. $50,000 cash payable to her son Zac for his tuition at UA
c. $20,000 check payable to the Democratic Party for Hillarys campaign
d. $15,000 payable to DCH Hospital for medical expenses of her mother
How much in taxable gifts has Jane transferred?
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