What are the estate tax consequences in the following independent cases involving commercial annuities? H and...

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What are the estate tax consequences in the followingindependent cases involving commercial annuities? H and W aremarried. H purchased a joint and survivorship annuity for $500,000.When H died the present value of W's annuity was $300,000. Same as(a) except W died first and the value of H's remaining annuity was$250,000. Same as (a) except that the annuity was paid for by W'semployer. Same as (b) but the policy was purchased with communityproperty. H and W each purchased a single life annuity for$250,000. H died first, several years before W. How would theanswers above change if the annuities involved were privateannuities?

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What are the estate tax consequences in the following independent cases involving commercial annuities H and W are married H purchased a joint and survivorship annuity for 500000 When H died the present value of Ws annuity was 300000 Estate tax See Answer

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