True/False

1) A U.S. tax resident for estate tax purposes always needs to include the value of all interests in real estate in every country in their gross estate.

2) A reversion interest would best be described as a future interest in property that gives the person who first transferred the property the right to receive the transferred property at a later date.

3) An individuals name is a property interest for purposes of determining a decedents gross estate.

4) Events which occur after a decedent dies are considered in calculating the value of the property.

5) Jen, a resident and citizen of Canada, dies during an operation at the Mayo Clinic in Rochester (MN). Because Jen died in the U.S., she will be subject to the Federal estate tax.

6) For estate tax purposes, the gross estate does not include property that passes to a surviving spouse.