At the time of his death, Garth was involved in the following arrangements. He held a

Question:

At the time of his death, Garth was involved in the following arrangements.
• He held a life estate in the Myrtle Trust with the remainder passing to Garth's adult children. The trust was created by Myrtle (Garth's mother) in 1984 with securities worth $900,000. The Myrtle Trust had a value of $4.7 million when Garth died.
• Under the terms of the Myrtle Trust, Garth was given the power to provide for a disproportionate of the remainder interest among his children. As Garth failed to exercise this power, the remainder interest is divided equally among the children.
Discuss the estate tax ramifications of these arrangements as to Garth.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...