How does the Full Faith and Credit Clause affect the states? a. Each state must recognize the law and legal c. Each state must retry every out of state court
proceeding from another state.
case if the participant moves to the new state
full time.
.b. Each state must give another state credit to d. Each state must agree to pay another state
trade with each other.
monies if a new person moves into the new
state halfway through the year.
Please select the best answer from the choices provided
Ο Ο Ο Ο
С
D

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?