LO.6, 9 At the time of his death, Garth held a life estate in the...
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LO.6, 9 At the time of his death, Garth held a life estate in the Myrtle Trust with the remainder passing to Garth's adult children. The trust was created by Myrtle (Garth's mother) in 1984 with securities worth $900,000. The Myrtle Trust had a value of $4.7 million when Garth died.
Discuss the estate tax ramifications as to Garth.
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