Betty dies on February 20,2013.Her estate consisted of the following assets,all valued as of her date of death: What is Betty's gross estate?

Question

Betty dies on February 20,2013.Her estate consisted of the following assets,all valued as of her date of death:  What is Betty's gross estate?

Quizplus · Accepted Answer

To calculate the gross estate, we need to add up all the assets of the deceased as of the date of death. In this case, the assets are:
- Real estate: $750,000
- Bank account: $500,000
- Investment portfolio: $300,000
- Life insurance: $200,000
- Personal property: $20,000
Adding up these assets, we get $1,770,000, which is the gross estate of Betty. Therefore, the correct choice is C.

Betty Dies on February 20,2013