John Doe's Will States That All Assets He Had Should

John Doe's will states that all assets he had should be transferred to a trust to cover living expenses for his spouse,who he feels will not be able to handle her own financial affairs without advice and supervision.Upon his spouse's passing,the trust will be converted to cash and distributed to their only daughter,Jane.The probate court already ruled on which assets could be excluded from the estate,and all tax issues were addressed,leaving the following inventory of assets from the estate:
$$\begin{array} { | l | r | r | } \hline \text { Asset } & \text { Cost } & \text { Fair Value } \\ \hline \text { Cash } & 206,000 & 206,000 \\\hline \text { Certificates of Deposit } & 250,000 & 250,000 \\\hline \text { Investments/Mutual Funds } & 354,116 & 2,780,500 \\\hline \text { Residence } & 34,000 & 190,000 \\\hline \text { Ocean front cottage } & 78,000 & 560,000 \\\hline \text { Pepper mill collection } & 2,070 & 3,900 \\\hline\end{array}$$ Required:
Prepare the journal entry for the creation of the trust.