On the Date of Her Death, Ava Owned the Following

question 73

Short Answer

On the date of her death, Ava owned the following.
∙ An insurance policy (face amount of $500,000) on the life of Benjamin (Ava's current husband)
with herself as the designated beneficiary. The policy has a cash surrender value of $50,000.
∙ A life estate in a trust created by Alexander (Ava's deceased prior husband). The trust (current value of $2,900,000) was worth $1,000,000 when created 10 years ago. A QTIP election was made by the executor of Alexander's estate.
∙ Federal income tax refund of $80,000 on a prior year's tax return and paid to the executor of
Ava's estate.
As to these items, how much is included in Ava's gross estate?

Discuss the historical impacts and legacies of American foreign policies like the "open door" policy in China and benevolent assimilation in the Philippines on international relations.

Explore the evolution of American public opinion towards foreign interventions, from the Cuban fight for independence to the colonization of the Philippines.

Understand the connection between the sense of meaning in life and psychological, physical well-being, and behavioral inclinations.

Comprehend the motivation concepts according to Maslow, including the hierarchy of needs and the motivation for self-actualization.

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Definitions:

Attitude

A psychological construct representing an individual's degree of like or dislike for an item.

Age

The length of time that a person or object has existed, often used as a measure in years.

Gender

A social construct that refers to the roles, behaviors, activities, expectations, and societal norms associated with being male, female, or other gender identities.

Occupation

A person's job or profession, typically one that requires specialized training or education.