Last year Robert transferred a life insurance policy worth $45,000 to an
irrevocable trust with directions to distribute the corpus of the trust to his
grandson, Danny, upon his graduation from college, or to Danny’s estate upon
his death. Robert paid $15,000 of gift tax on the transfer of the policy. Early
this year, Robert died and the insurance company paid $400,000 to the trust.
What amount, if any, is included in Robert’s gross estate?