Business, 03.02.2020 12:56 allisonatalie9169
Angelo has $700,000 he wants to save. if the fdic insurance limit per depositor, per bank is $250,000, which of these ways of distributing his money between 3 banks will guarantee that all of his money is insured?
a. $225,000 in bank a, $260,000 in bank b, $215,000 in bank c
b. $205,000 in bank a, $220,000 in bank b, $275,000 in bank c
c. $225,000 in bank a, $240,000 in bank b, $235,000 in bank c
d. $205,000 in bank a, $240,000 in bank b, $255,000 in bank c
Answers: 3
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In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Angelo has $700,000 he wants to save. if the fdic insurance limit per depositor, per bank is $250,00...
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