Computing gross estate, When Nils dies this year, the

Computing gross estate

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Reference no: EM13128566

Two years ago Nils transfers a $200,000 life insurance policy on his life to his daughter, Gail. The policy is worth $60,000 at the time of transfer and Gail pays Nils $50,000. When Nils dies this year, the $50,000 cash is still in a savings account. The consideration offset when computing Nil's gross estate is :

a. $0

b. $50,000

c. $150,000

d. $166,667

Reference no: EM13128566

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