medium · Certified Financial Planner Estate Planning
An ILIT created by the Ainsleys holds a policy with a 500,000 death benefit and50,000 in cash value. Chloe has an unexercised Crummey power for $19,000 that will lapse tomorrow.
If Chloe dies today, how much of the trust's value is included in her gross estate?
- $19,000
- $500,000
- $5,000
- $50,000
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