LO.1 Barry creates a trust with property valued at $6 million. Under the terms of the trust
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LO.1 Barry creates a trust with property valued at $6 million. Under the terms of the trust instrument, Michelle (age 50) receives a life estate, while Terry (age 25) receives the remainder interest. In the month the trust is created, the interest rate is 4.2%. Determine the value of Barry’s gifts.
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Related Book For 
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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