Don and Roxana Are Husband and Wife and Live in a Common

question 140

Multiple Choice

Don and Roxana are husband and wife and live in a common law state.Pursuant to the estate tax rules applicable to annuities (§ 2039) ,which of the following is a correct statement?

• A)Don has a straight-life unmatured annuity.Upon his death,none of the annuity is included in his gross estate.
• B)Don's retirement plan,to which his employer contributed 50%,is in the form of an annuity with a survivorship feature covering Roxana.Upon Don's prior death,all of the value of the survivorship feature is included in his gross estate.
• C)Don has an annuity with a survivorship feature covering Roxana and to which she contributed 50% of the premiums.Upon Don's prior death,only 50% of the value of the survivorship feature is included in his gross estate.
• D)Don has an annuity with a survivorship feature covering Roxana.If Roxana dies first,nothing regarding the annuity is included in her gross estate.
• E)All of the above statements are true.

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Satisfy Demand

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Special Order

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