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At her death Tricia owned a life insurance policy on her life that paid her daughter $500000 upon her death The policy was only valued at $25000 prior to Tricia’s death What amount

At her death Tricia owned a life insurance policy on her life that paid her daughter $500,000 upon her death The policy was only valued at $25,000 prior to Tricia’s death What amount, if any, is included in Tricia’s gross estate?

 

$500,000

$25,000

$25,000 if Tricia transferred ownership of the policy within three years of her date of death

zero – life insurance proceeds due to the death of the decedent are not included in the decedent’s gross estate

zero if Tricia’s daughter refused to accept the proceeds

Mar 23 2020 View more View Less

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