Business, 02.04.2021 02:40 mem8163

In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit of her three children. Lena died in 2018, and the face value of the whole life insurance policy of $2,000,000 was paid to the Irrevocable Trust. Regarding this transfer, how much is included in Lena’s gross estate at her death? A. $0 B. $45,000 C. $2,000,000 D. $1, 955,000

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In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit...