What amount will be included in rhetts federal gross estate

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Problem: Four years ago, Rhett gave a life insurance policy with a $750,000 death benefit to his daughter, Marcelle. At the time of the gift, the value of the life insurance policy was $65,000, and Rhett paid $10,000 in federal gift tax. Rhett unexpectedly died this year. What amount will be included in Rhett's federal gross estate related to this life insurance policy?

Reference no: EM133665280

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