Lo6 9 at the time of his death garth held a life estate in, Financial Accounting

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Lo6 9 at the time of his death garth held a life estate in

LO.6, 9 At the time of his death, Garth held a life estate in the Myrtle Trust with the remainder passing to Garth's adult children. The trust was created by Myrtle (Garth's mother) in 1984 with securities worth $900,000. The Myrtle Trust had a value of $4.7 million when Garth died.

Discuss the estate tax ramifications as to Garth.

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Financial Accounting: Lo6 9 at the time of his death garth held a life estate in

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Financial Accounting: Lo6 9 at the time of his death garth held a life estate in

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