In 2000,Irv creates a revocable trust,income payable to his children for life,remainder to his grandchildren.In 2008,Irv relinquishes the power to revoke the trust.If Irv dies in 2009,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 the trust within three years of his death, which is subject to the Internal Revenue Code's three-year rule for estate inclusion.

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