Q2
Single choice
Which of the following statements concerning the inclusion and valuation of all or part of a commercial annuity in the estate of an annuitant is (are) correct?
- A life annuity with a period certain is includible to the extent of the present value of any remaining
guaranteed payments.
- If the executor elects the alternate valuation date, an annuity is includible at its replacement cost 6
months after death.