Which of the following circumstances would cause the gifted property to be included in the donor's gross estate? I.Donor retains a life estate in the gift property.

Question

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I. Donor retains a life estate in the gift property: This means the donor has the right to use and enjoy the property for their lifetime. Since the donor has not completely given up their interest in the property, the value of the property will be included in the donor's gross estate for estate tax purposes.

II. Donor gifts the property within three years of death: According to the IRS, if a donor gifts property and dies within three years of the gift, the value of the property will be included in the donor's gross estate for estate tax purposes.

III. Donor fails to properly transfer ownership of the property: If the donor does not properly transfer ownership of the property to the recipient, the property will be considered part of the donor's gross estate for estate tax purposes.

IV. Donor gifts the property and retains certain powers or control over it: If the donor retains certain powers or control over the gifted property, such as the power to revoke or change the gift, the value of the property may be included in the donor's gross estate for estate tax purposes.

Which of the Following Circumstances Would Cause the Gifted Property