When handling faxed records, a. privacy rules do not apply because fax communications are always considered confidential. b. psychiatric records should be faxed to expedite treatment. c. keep a fax report of all transmissions indicating the date, time, and destination. d. you can safely fax confidential financial information?

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?