At the time of her death on October 4, Kaitlyn: ∙ Was the…

At the time of her death on October 4, Kaitlyn: ∙ Was the sole life beneficiary of a trust (assets worth $2 million) created 10 years ago by Paul (Kaitlyn’s husband). The transfer was by gift of securities then worth $500,000. Paul and Kaitlyn’s children are the remainder beneficiaries.     ∙ Owned stock in Mauve Corporation (basis of $800,000 and fair market value of $1 million). On September 7, a dividend of $48,000 was declared on the stock payable to all shareholders of record on October 3.  The $48,000 was received by Kaitlyn’s executor on October 19.     ∙ Made a taxable gift of $400,000 in a prior tax year.     As to these transactions, Kaitlyn’s gross estate includes: ​