$1.$ In $2020,$ taxpayer J created an irrevocable trust and transferred $$100,000$ to it$.$ The terms of the trust are that the trust can purchase life insurance on J$$s life, but cannot make any distributions until J$$s death, at which point, the trust may make loans to J$$s spouse and must distribute all assets to J$$s three children. J died in $2025$ owning $$20,000,000$ in J$$s bank account and no other assets. The life insurance owned by the trust also collected a death benefit of $$10,000,000$ on J$$s death and distributed the assets to J$$s children. J$$s Will stated that $$5,000,000$ was to be distributed to J$$s spouse and the remaining $$15,000,000$ to J$$s children. J had no other transactions during J$$s life.