At his death Trevor had a probate estate consisting of $4 million of property. Which of the following is a true statement about Trevor's estate or estate tax?

Question

Quizplus · Accepted Answer

The gross estate includes all property that the decedent owned or had an interest in at the time of their death, including real estate, bank accounts, retirement accounts, and life insurance policies. Therefore, Trevor must have had a gross estate of at least $4 million at the time of his death.

At His Death Trevor Had a Probate Estate Consisting of $4