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Vernon created a grantor trust with $1 Million. The trust will pay him $100,000 a year for the next 6 years with the remainder going
Vernon created a grantor trust with $1 Million. The trust will pay him $100,000 a year for the next 6 years with the remainder going to Greg, his life partner. When Vernon dies 8 years later, the trust is worth $300,000.
What amount will be included in Vernons Gross Estate?
$0
$300,000
$1,000,000
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