In: Finance
Which of the following are included in the gross estate?
A. Proceeds from life insurance policy owned by the decedent insured that was assigned to a ILIT 2 years before death of the insured
B. A secular trust where the only income beneficiary was the decedent's spouse
C. Property where the decedent had a reversionary interest of less than 1% of the value
D. Gift taxes paid two years prior to the decedent's date of death for gifts made four years earlier
Answer:Option D is correct.
Gift taxes paid two years prior to the decedent's date of death for
gifts made four years earlier are included in the gross
estate.