Question: Dee creates an irrevocable trust with three million dollars ($3,000,000 in stock). Under the trust terms, Mary (age 40) receives a life estate and her

Dee creates an irrevocable trust with three million dollars ($3,000,000 in stock). Under the trust terms, Mary (age 40) receives a life estate and her daughter Bobbie (age 10) receives the remainder interest. The appropriate IRS valuation table reflects a remainder factor of .05347 for age 10 and a remainder factor of.18610 for age 40. 13. 1. Is the annual exclusion available for the gift to Bobbi? 2. What is the amount of Dee's gift to Bobbi

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