Harry and Brenda are husband and wife. Using his funds, Harry purchases real estate which he lists as: "Harry and Brenda, tenants by the entirety with right of survivorship.". If Brenda dies first, none of the real estate will be included in her gross estate
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: In the case of joint ownership between married persons, a spouse's contribution does not matter. One-half of the value of the property is included in the gross estate of the first spouse to die.
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