Which one of the following concerning a decedent's gross estate is not true?
A)The gross estate includes the value of all property owned at date of death, wherever located.
B)Property included in the gross estate generally is valued as of the date of death.
C)If the decedent's wife is the beneficiary, proceeds of an insurance policy on the life of the decedent are excludable from the decedent's gross estate.
D)The marital deduction in 2012 is currently set at $5,120,000 million, allowing for a joint marital deduction of $10,240,000.
E)Any of the unified credit not used by the first spouse to die can be used by the surviving spouse.

Question

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The Answer of Which one of the following concerning a decedent's gross estate is not true?
A)The gross estate includes the value of all property owned at date of death, wherever located.
B)Property included in the gross estate generally is valued as of the date of death.
C)If the decedent's wife is the beneficiary, proceeds of an insurance policy on the life of the decedent are excludable from the decedent's gross estate.
D)The marital deduction in 2012 is currently set at $5,120,000 million, allowing for a joint marital deduction of $10,240,000.
E)Any of the unified credit not used by the first spouse to die can be used by the surviving spouse.

Which One of the Following Concerning a Decedent's Gross Estate