Question: John Jamison transferred $ 2 0 0 , 0 0 0 if tax - exempt bonds to a trust for the benefit of his grandchildren

John Jamison transferred $200,000 if tax-exempt bonds to a trust for the benefit of his grandchildren 2 years ago. He died this year. Assume the gift tax paid was approximately $60,000.
a. What amount, if any, is includible in his gross estate and why?
b. Would your answer to a be different if the transfer was made to his spouse?

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