Explain the general nature of the federal estate tax. How does the unified tax credit affect the amount of estate tax owed? What is the portability concept?
Answer to relevant QuestionsWhat is average propensity to consume? Is it possible for two people with very different incomes to have the same average propensity to consume? Why?Describe employee benefit and tax planning. How do they fit into the financial planning framework?Are consumption patterns related to quality of life? Explain.The two basic techniques of estate planning are(1) Dividing your estate and (2) Deferring income to minimize taxes.Describe and discuss each of these techniques.George Reed, 48 and a widower, and Debbie Moore, 44 and previously divorced, were married five years ago. There are children from their prior marriages, two children for George and one child for Debbie. The couple’s estate ...
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