Cary and Bo are husband and wife.Using their community funds,they create a trust,life estate to Bo,remainder to their children.Four years later,Bo predeceases Cary.Nothing as to this trust is included in Bo's gross estate.

Question

Quizplus · Accepted Answer

The value of the life estate interest that Bo held in the trust should be included in Bo's gross estate for estate tax purposes, as it was a property interest that terminated upon his death.

Cary and Bo Are Husband and Wife