Computing gross estate-fair market value

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Computing Gross Estate. Upon A’s death, certain assets were valued as follows: Fair Market Value

Probate Estate……………………………………………………………......................................…$750,000

Insurance Proceeds on a policy on A’s life. The policy has Always been owned by A’s niece, the beneficiary…$150,000

Corpus of Trust A. A possessed the right to give the ownership Of the corpus to herself or any of her family. In her will she Left the corpus to cousin K…………………………………….....................................................................................................................$15,000,000

Based on these facts, what is the value of A’s gross estate?

Reference no: EM131577381

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