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Doyle Died in 2000 and by Will Created a Trust

question 18

Essay

Doyle died in 2000 and by will created a trust with the following provisions: "life estate to my wife, Grace, remainder upon her death to our children." Grace dies this year. Is the trust Doyle created included in Grace's gross estate? Explain.


Definitions:

Social Institutions

Established systems or structures within society that dictate certain patterns of behavior or relationships, such as the family, education, or religion.

Structuration Theory

A social theory that suggests social structures are shaped by human agency, and in turn, these structures shape individuals' behaviors and practices.

Ontologically

Relating to the branch of metaphysics concerned with the nature of being and existence.

Ambiguity

The quality of being open to more than one interpretation, lacking clearness or definiteness; often a source of uncertainty or confusion.

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