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Question 8 At the time of his death Jason had the following assets: Home...

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Accounting

Question 8 At the time of his death Jason had the following assets: Home owned jointly with rights of survivorship with his wife Sally, valued at $500,000. Stock account in his individual name, valued at $250,000. Life estate received from his mother, Judy, in a family vacation home. The home is worth $1,000,000. Jasons sister Toby is the remainder beneficiary. IRA worth $750,000. His wife Sally is the primary beneficiary. What is the value of assets that will be included in Jasons gross estate?

A. $2,500,000

B. $1,500,000

C. $1,250,000

D. $1,000,000

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