Brian creates a trust, life estate to Freda, remainder on Fredas death to Daniel. a. Presuming that

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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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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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