Ramon made the following transactions within three years of his death: -He gave a long-term certificate of deposit, which he had owned for 10 years, to his sister -He released his retained power to amend a trust that he had created to benefit his children -He bought a new car and gave it to his brother for his birthday -He established an irrevocable living trust to provide for his children's education with his brother as the trustee, and funded the trust with $100,000 Which of these transactions will be included in Ramon's gross estate? A) The long-term certificate of deposit B) The release of his retained power to amend the trust C) The irrevocable living trust D) The new car
QUESTION 49
Ramon made the following transactions within three years of his death:
-He gave a long-term certificate of deposit, which he had owned for 10 years, to his sister
-He released his retained power to amend a trust that he had created to benefit his children
-He bought a new car and gave it to his brother for his birthday
-He established an irrevocable living trust to provide for his children's education with his brother as the trustee, and funded the trust with $100,000
Which of these transactions will be included in Ramon's gross estate?
A) The long-term certificate of deposit
B) The release of his retained power to amend the trust
C) The irrevocable living trust
D) The new car
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