Ryan Placed $280,000 in Trust with Income to Stephen for His

question 134

Essay

Ryan placed $280,000 in trust with income to Stephen for his life and the remainder to Kayla (or her estate). At the time of the gift, given the prevailing interest rate, Stephen's life estate was valued at $165,000 and the remainder at $115,000. What is the amount, if any, of Ryan's taxable gifts?

---

Definitions:

Dizziness

A sensation of spinning around and losing one's balance, often associated with disturbances in the inner ear or the vestibular system.

Rapid Heart Rate

An increased speed of heartbeat, often exceeding the normal resting rate, which can be caused by exercise, stress, or medical conditions.

Social Phobia

An anxiety disorder characterized by an intense fear of social situations where one might be judged or scrutinized by others.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, often interfering with daily functioning.