Mother has a life estate in a piece of real estate which is


Assume that Decedent's mother predeceases her and in addition to the brokerage account valued at $200,000 owned as a tenancy-in-common with her daughter, and the $1 million life insurance policy owned on her daughter which has a replacement value of $300,000, mother has a life estate in a piece of real estate which is valued at $700,000. What is the value of mother's gross estate?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Mother has a life estate in a piece of real estate which is
Reference No:- TGS02758563

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)