Val died on May 13, 2016. On July 3, 2013, she gave a $400,000 life insurance policy
Question:
a. What amount was included in Val's gross estate as a result of the 2013 gift?
b. What amount was included in Val's gross estate if the property given was land instead of a life insurance policy?
c. Refer to Part a. What amount would have been included in Val's gross estate if she instead gave Ray the policy on April 30, 2012?
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a 400000 date of death value of the policy because the gift of a life insurance policy was m...View the full answer
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Related Book For
Federal Taxation 2017 Comprehensive
ISBN: 9780134421438
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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