Undeveloped real estate in mr greys name and the name of

Reference no: EM13578209

Undeveloped real estate in Mr. Grey's name and the name of his daughter, Sue Smith, jointly with right of survivorship that Mr. Grey purchased in 2006 for $100,000. The property had a fair market value of $2,500,000 at the date of Mr. Greys death and a fair market value of $1,000,000 six months after the date of Mr. Grey's death.

Asset 4. A condominium in the decedent's name alone purchased in 2002 and used as a vacation home that had a fair market value of $500,000 on the date of Mr. Greys death. The condominium was sold by the personal representative of the decedent's estate for $250,000 four months after Mr. Greys death.Based on the facts for questions 2 and 3, which of the options are available.

Reference no: EM13578209

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