PEDBLEM 2 2041 Code Sertivn I-2 X created a trust, income toD for life, remainder to R. D has an unlimited power to invade corpus for his own benefit. Is the property included in D's gross estate? Refer to I-1. Assume D's power was exercisable(only if Is the property necessary to maintain D's standard of living. inluded in D's gross estate? I-3 Assume D can exercise the power only with the Refer to I-1. Is the property included in D's gross estate? consent of x. I-4 Assume D can exercise the power only with the Refer to I-1. Is the property included in D's gross estate? consent o R. I-5 X creates a trust, income to D for life, then to B for life, D and A have a joint power to invade corpus for remainder to R. IF D or A dies, the the benefit of any person in the world. power is exexcisable by the survivor. Is the property in D's gross estate? I-6 Assume that the power terminates on D's death. Refer to I-5. Is the property in D's gross estate? I-7 Refer to I-5. Assume that the power is held by D and B, to invade corpus for the benefit of D. Is the property included in D's gross:estate? I-8 X created an irrevocable trust in 1982, income to D for life, remainder to D's issue. The trust was funded with $200,000 cash. D could each year reguest the trustee to deliver to her $20,000 per year, if necessary for her happiness. D's right was D did not request ay of the principal and she died cumulativ. What is in 1983 when the trust corpus was worth $300,000. included in D's gross estate? 1-9 What is I-8. Assume the power was not cumulative. Refer to included in D's gross estate? PEDBLEM 2 2041 Code Sertivn I-2 X created a trust, income toD for life, remainder to R. D has an unlimited power to invade corpus for his own benefit. Is the property included in D's gross estate? Refer to I-1. Assume D's power was exercisable(only if Is the property necessary to maintain D's standard of living. inluded in D's gross estate? I-3 Assume D can exercise the power only with the Refer to I-1. Is the property included in D's gross estate? consent of x. I-4 Assume D can exercise the power only with the Refer to I-1. Is the property included in D's gross estate? consent o R. I-5 X creates a trust, income to D for life, then to B for life, D and A have a joint power to invade corpus for remainder to R. IF D or A dies, the the benefit of any person in the world. power is exexcisable by the survivor. Is the property in D's gross estate? I-6 Assume that the power terminates on D's death. Refer to I-5. Is the property in D's gross estate? I-7 Refer to I-5. Assume that the power is held by D and B, to invade corpus for the benefit of D. Is the property included in D's gross:estate? I-8 X created an irrevocable trust in 1982, income to D for life, remainder to D's issue. The trust was funded with $200,000 cash. D could each year reguest the trustee to deliver to her $20,000 per year, if necessary for her happiness. D's right was D did not request ay of the principal and she died cumulativ. What is in 1983 when the trust corpus was worth $300,000. included in D's gross estate? 1-9 What is I-8. Assume the power was not cumulative. Refer to included in D's gross estate