Description of this paper

Life insurance policy worth $45,000

Description

solution


Question

Last year Robert transferred a life insurance policy worth $45,000 to an;irrevocable trust with directions to distribute the corpus of the trust to his;grandson, Danny, upon his graduation from college, or to Danny?s estate upon;his death. Robert paid $15,000 of gift tax on the transfer of the policy. Early;this year, Robert died and the insurance company paid $400,000 to the trust.;What amount, if any, is included in Robert?s gross estate?

 

Paper#27773 | Written in 18-Jul-2015

Price : $27
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