Dan acquired a vacation home in Aspen paying all of the acquisition price but put...
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Dan acquired a vacation home in Aspen paying all of the acquisition price but put the title in the property for Dan and Bunny as joint tenants with cross contingent remainders in survivorship Dan was not married at the time but he subsequently married Bunny a few months before he died in a tragic skiing accident. At the time of his death the vacation home was worth $8.5 million and he had paid $925,000 for the home 8 years ago. Dans entire estate was well over $20 million dollars without considering the Aspen home. Is the Aspen home included in Dans Probate Estate? (why or why not) What is the value that the home is included in Dans gross estate for federal estate tax purposes? (explain)
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