With $6,010,000 Paul's will creates a trust with the following provisions: life estate to Jacob (Paul's son) and remaind
Posted: Wed Jul 06, 2022 6:24 am
With $6,010,000 Paul's will creates a trust with the following provisions: life estate to Jacob (Paul's son) and remainder to Anastasia (Paul's granddaughter and Jacob's daughter). Jacob dies when the value of the trust is $9,015,000. a. When does the generation-skipping transfer result? b. What is the amount?