Which of the following life insurance policies death benefits will not be included in Ken's gross estate
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Question:
Which of the following life insurance policies death benefits will not be included in Ken's gross estate ?
A. Ken's daughter Trudy bought the policy on Ken's life and Trudy is he beneficiary when Ken dies.
B. Ken owns the policy and the befeciary when he dies is his wife Barbie.
C. Ken gifted the policy to his daughter Trudy 2 years before he died and the beneficiary is his daughter Trudy.
D. Ken owns the policy and the befeciary when he dies is his brother Sam.
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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