You are on a committee and have created a proposal. When your committee presents the proposal, you are asked questions that are not directly in your proposal. The questions focus on local schools and hospitals. Explain why those questions were
asked.

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?