Using investments worth $3 million, Keith establishes a trust, life estate to Melinda, remainder to Dana.

a. Has Keith made one gift or two gifts?
b. How does your answer affect the Federal transfer tax liabilities?

Question

Using investments worth $3 million, Keith establishes a trust, life estate to Melinda, remainder to Dana.

a. Has Keith made one gift or two gifts?
b. How does your answer affect the Federal transfer tax liabilities?

Quizplus · Accepted Answer

The Answer of Using investments worth $3 million, Keith establishes a trust, life estate to Melinda, remainder to Dana.

a. Has Keith made one gift or two gifts?
b. How does your answer affect the Federal transfer tax liabilities?

Using Investments Worth $3 Million, Keith Establishes a Trust, Life