In 2000,Irv creates a revocable trust,income payable to his children for life,remainder to his grandchildren.In 2010,Irv relinquishes the power to revoke the trust.If Irv dies in 2012,the trust is not included in his gross estate.

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The trust is included in Irv's gross estate because he retained the power to revoke it until 2010, which is within three years of his death in 2012.

In 2000,Irv Creates a Revocable Trust,income Payable to His Children