Question: Explain the general procedure used to calculate the federal estate
Explain the general procedure used to calculate the federal estate tax due.
Answer to relevant QuestionsWhat is the role of money in setting financial goals? What is the relationship of money to utility?Discuss briefly how the following situations affect personal financial planning:a. Being part of a dual-income coupleb. Major life changes, such as marriage or divorcec. Death of a spouseRecommend three financial goals and related activities for someone in each of the following circumstances:a. A junior in collegeb. A 30-year-old computer programmer who plans to earn an MBA degreec. A couple in their 30s ...Generate a list of estate planning objectives that apply to your personal family situation. Be sure to consider the size of your potential estate as well as people planning and asset planning. Estate planning is not just ...Summarize important legislation affecting estate taxes, and briefly describe the impact on estate planning. Explain why getting rid of the estate tax doesn’t eliminate the need for estate planning.
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