Question: Maxwell died August 8 , 2 0 2 2 . Of the following transfers made during his life, which is included in his gross estate?
Maxwell died August Of the following transfers made during his life, which is included in his gross estate?
Question options:
The transfer of a whole life insurance policy on Maxwell's life face value $ valued at $ to his son on September
A gift of $ to Maxwell's sister on August No gift tax was due on the gift.
The transfer of a whole life insurance policy on Maxwell's life to an ILIT on September
The sale of his term insurance policy to his brother, Donald, for fair market value on August
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