In 2017, a grandfather gave a life estate to his grandson and a remainder interest to...

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In 2017, a grandfather gave a life estate to his grandson and a remainder interest to...

In 2017, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued at $13,000. The gift to the granddaughter is:

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Answer 1

Answer #1

As per IRS Revenue Ruling Index, the Remainder interest rate by December 2017 is 2.6%.

So the Gift to Granddaughter by December 2017 would be worth $13,000/0.026

= $500,000

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Answer 2

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