b.A life estate.c.A remainder interest.d.A reversionary interest.
8.A minority interest discount may be available when all of the following conditions apply to the holder of a limitedpartnership interest except:
9.Which is not a common method of reducing the gross estate?
10.Several years ago, Bill and his sister, Joy, purchased a tract of real property as joint tenants with right ofsurvivorship (JTWROS). Bill contributed $50,000 toward the $200,000 purchase price and Joy contributed theremaining $150,000. Joy died in the current year, and her will provided that all of her assets pass to her daughter,Cate. The real property was worth $1,000,000 on the date of Joy’s death. The value of Joy’s interest in the propertyincludible in her gross estate is: