Which of the following circumstances would cause the gifted property to be included in the donor's gross estate? I.Donor retains a life estate in the gift property.

Question

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If the donor retains a life estate in the gifted property, it means they still have an interest in the property despite no longer owning it outright. This means that the value of the gifted property would be included in the donor's gross estate for tax purposes. Additionally, if the donor passes away within three years of making the gift, the value of the gifted property would also be included in their gross estate. Therefore, options I, II, and III all result in the gifted property being included in the donor's gross estate.

Which of the Following Circumstances Would Cause the Gifted Property