Fred and Amy Kehl, both US citizens, are married. All of their real and personal property is owned by them as tenants by the entirety or as joint tenants with right of survivor ship. The gross estate of the first spouse to die
a. Include 50% of the value of all property owned by the couple, regardless of which spouse furnished the original consideration.
b. Includes only the property that had been acquired with the funds of the deceased spouse.
c. Is governed by the federal statutory provisions relation to jointly held property, rather than by the decedent's interest in community property vested by state law, if the Kehls reside in a community property state.
d. Includes one-third of the value of all real estate owned by the Kehls, as the dower right in the case of the wife or curtesy right in the case of the husband.
Answer: A
Tax
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