What is the value of the decedent gross estate

Reference no: EM13292966

Decedent dies owning the following assets: $250,000 real estate owned equally as a tenancy-in-common with his brother; $500,000 residence owned jointly with right-of-survivorship with his wife; $250,000 IRA payable ½ to spouse, ½ to kids; $1 million life insurance policy payable in equal shares to wife, kids, the decedent's college.

What is the value of the decedent's gross estate?
Choose one answer.

a. $ 125,000
b. $ 917,000
c. $1,041,000
d. $1,625,000

Reference no: EM13292966

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