1. Which of the following items are included in Bethany’s gross estate?
a. A life estate in a trust that pays Bethany $25,000 per year until she dies. b. A remainder interest in a trust worth $60,000 owned by Bethany. c. A one-half interest in investment land valued at $100,000 owned as joint tenants (Bethany and her brother) with right of survivorship.
2. In a 3-4 paragraphs (less than 500 words), prepare a sample will for Bethany to show the transfer of the assets above to Bethany’s son, Mike Johnson.
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