QUESTION $1$

George created a trust today by transferring $$2\mathrm{.}5$ million into an irrevocable trust. He wants to ensure his daughter Rebecca, age

$50,$ has financial security and stability during her lifetime, while also preserving assets for his grandson Jonah. the remainder

interest. Using the current Sec. $7520$ interest rate, what is the present value of the lifetime gift to Rebecca? Use only numbers

and commas to answer.

QUESTION $2$

What is present value of Jonah's remainder interest in the trust following Rebecca's death? $($use only numbers and commas in your

answer$)$

QUESTION $3$

What is the total taxable gift made by George when he created the trust? $($use only numbers and commas$)$

QUESTION $4$

What is the amount of the taxable gift to Rebecca?