Compute what is the total gross estate deductions

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Question - In 2008, Dr. Heinz transferred $275,000 in stock from Diabolical Weapons Incorporated, a subsidiary of Evil Incorporated to a trust naming the First National Bank as trustee and naming daughter Vanessa as the income beneficiary. During his lifetime Heinz Doofenshmirtz had the power to revoke the trust and take back the property if daughter Vanessa did not pursue an appropriate college degree studying the evil sciences. The stock appreciated in value to $350,000 at the time of Dr. Heinz's death.

What is the total gross estate? What is the total gross estate deductions?

Reference no: EM131879868

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