Scott places $830,000 in trust with income to Katherine (age 53) for 14 years, and remainder to Ben (age 36). Scott does not reserve any powers to alter, amend, revoke or terminate the trust. Calculate the amount of the gifts Scott has made. Assume a Federal interest rate of 3.2%.

Answer rating: 100% (QA)

To calculate the amount of the gifts made by Scott we need to determine the present value of the fut... View the full answer