Ann, the owner and the insured of a $1 million life insurance policy, creates an irrevocable life insurance trust of which her 4 children are the beneficiaries and she is the Trustee. The trust contains Crummey withdrawal provisions. Ann absolutely assigned the policy with a value of $300,000. Ann dies in 2015. What value of the trust will be included in Ann's gross estate?

Answer rating: 100% (QA)

In this scenario the value of the trust included in Anns gross estate would be ... View the full answer