Mr Howell Died This Year

question 82

Essay

Mr. Howell died this year. He willed a copyright with a 10-year remaining life to Mrs. Howell. His will also sets up a trust for the benefit of Mrs. Howell whom he entitles to receive all of the income semiannually until the earlier of her remarriage or her death. Upon her remarriage or death, the trust property is to be distributed to their children. Do the copyright and trust transfers qualify for the marital deduction? Explain.

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Definitions:

Electric Potential

The amount of electric potential energy per unit charge at a point in a field, representing the force that would be exerted on a positive test charge placed at that point.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body via electrical and chemical signals.

All-or-None

A principle that states a neuron fires with the same potency each time, though action is dependent on whether or not the stimulus meets the threshold.

Action Potential

A temporary reversal of the electrical polarization of the membrane of a neuron or muscle cell, allowing for the transmission of signals.