Problem 18-55 (LO. 7) Roy dies and is survived by his wife, Marge. Under Roy’s will, all of his othe

Problem 18-55 (LO. 7) Roy dies and is survived by his wife, Marge. Under Roy’s will, all of his otherwise uncommitted assets pass to Marge. Based on the property interests listed below, determine the marital deduction allowed to Roy’s estate. If an amount is zero, enter â€â€.0 Marital Deduction a. Timberland worth $1,200,000 owned by Roy, Marge, and Amber (Marge’s sister) as equal $ tenants in common. Amber furnished the original purchase price. b. Residence of Roy and Marge worth $900,000, owned by them as tenants by the entirety with $ right of survivorship. Roy provided the original purchase price. c. Insurance policy on Roy’s life (maturity value of $1,000,000), owned by Marge and payable to $ her as the bene?ciary. d. Insurance policy on Roy’s life (maturity value of $500,000), owned by Roy with Marge as the $ designated bene?ciary. e. Distribution from a quali?ed pension plan of $1,600,000 (Roy matched his employer’s $ contribution of $500,000), with Marge as the designated bene?ciary.

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"FIRST15"

Order Now