Question: Brian creates a trust life estate to Freda remainder on

Brian creates a trust, life estate to Freda, remainder on Freda’s death to Daniel.
a. Presuming that the trust is irrevocable, how is the value of each gift determined?
b. Which gift, if any, qualifies for the annual exclusion?
c. If Freda is Brian’s wife, does this transfer qualify Brian for a marital deduction? Why or why not?

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  • CreatedSeptember 09, 2015
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