Question: answer as soon as possible David Collins died during the current year. The personal representative of David's estate reviewed the following assets: 1) Stocks in

answer as soon as possible

answer as soon as possible David Collins died

David Collins died during the current year. The personal representative of David's estate reviewed the following assets: 1) Stocks in David's name only: $ 2,000,000 2) Investment property in a trust that David has the right to revoke: $1,500,000 3) Primary home owned jointly with his wife (wife did not contribute to the purchase): $1,000,000 4) Insurance policy owned/insuring David with the proceeds payable to his daughter: $800,000 5) Vacation home owned jointly with his son (son did not contribute to the purchase): 5500,000 6) Cash placed in an irrevocable trust by David 8 years ago with David's friend as trustee: 5600,000 What is the value of David's gross estate for estate tax purposes

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