In 2000,Irv creates a revocable trust,income payable to his children for life,remainder to his grandchildren.In 2013,Irv relinquishes the power to revoke the trust.If Irv dies in 2015,the trust is not included in his gross estate.

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The trust is included in Irv's gross estate because he relinquished the power to revoke it within three years of his death, which is subject to the three-year rule under IRC Section 2035.

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