At the time of Clint’s death, part of his estate consists of the following.
?Roth IRA (value of $1,000,000) with Jennifer as the designated beneficiary. ?Land (worth $3,000,000) held in joint tenancy with Jennifer. Jennifer is Clint’s wife and originally furnished the purchase price. ?Building (worth $3,000,000) held as equal tenants in common with Jennifer and Dana. Dana is Clint’s mother, and she originally purchased the property.?
Under Clint’s will, all of his property passes to his wife, Jennifer. How much marital deduction is Clint’s estate allowed? Clint and Jennifer live in Tennessee.
What will be an ideal response?
$3,500,000 [$1,000,000 + (50% × $3,000,000) + (1/3 × $3,000,000)].
You might also like to view...
At the beginning of a research project, you need to
A) develop a formal outline that you plan to stick to throughout your researching and writing. B) familiarize yourself with the subject. C) just jump in by finding resources on the Internet and taking notes. D) develop the conclusion you want to reach and start looking for evidence that supports that conclusion. E) try Google to see if it provides enough information, and if not proceed to databases and other sources.
________ is a nonprobability sampling technique that is a two-stage restricted judgmental sampling. The first stage consists of developing control categories of population elements
In the second stage, sample elements are selected based on convenience or judgment. A) Quota sampling B) Simple random sampling C) Snowball sampling D) Cluster sampling E) Stratified sampling
A system that accounts for both environmental costs and the impact of environmental issues is referred to as a(n) __________________________________________________
Fill in the blank(s) with correct word
The Aston researchers identified five variables drawn from Max Weber’s initial list of fifteen. Which of the following is NOT one of the five?
a. Specialization b. Standardization c. Configuration d. Disciplinization