Megan CrankeDeason-ToyneFIN 43231 October 2018Chapter 6 HomeworkDiscussion Questions1.List six assets included in a decedent’s gross estate.
2.What is a revocable transfer?
3.If a decedent owns a life insurance policy on his own life, at what value is it included in the gross estate?
4.What is meant by “incidents of ownership” in a life insurance policy?
5.What is a straight single life annuity, and to what extent is its value included in a decedent annuitant’s gross estate?