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?
A) Trevor must have a taxable estate of at least $4 million.
B) Trevor must have an adjusted gross estate of at least $4 million.
C) Trevor must have an estate tax base (cumulative taxable transfers) of at least $4 million.
D) Trevor must have a gross estate of at least $4 million.
E) None of these is necessarily truE.Property included in the probate estate must be included in the gross estate but adjustments made in calculating the adjusted gross estate (both positive and negative) make other generalizations problematic.
Correct Answer:
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