At the time of her death, Rita held a promissory note from a loan she had made to her son. Even if Rita's will forgives the loan, the note is included in her gross estate.

Name: At the time of her death, Rita held a promissory note from a loan she had made to her son. Even if Rita's will forgives the loan, the note is included in her gross estate.
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Question

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The promissory note is considered an asset and is included in the gross estate, regardless of whether or not the loan was forgiven in the will.

At the Time of Her Death, Rita Held a Promissory