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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 to
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 4 years later, the trust is worth $300,000.What amount will be included in Vernon's Gross Estate?
Note*** $ 1,000,000 X was incorrect.
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