Bob died in 2020. He left an estate worth $20,000,000, a surviving spouse, and a two trust
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Question:
Bob died in 2020. He left an estate worth $20,000,000, a surviving spouse, and a two trust will which creates a marital trust and a credit shelter trust, how much property should go into each trust to minimize the estate taxes at Bob's death and at the death of the surviving spouse?
$10,000,000 into each trust.
$20,000,000 into the marital trust and nothing into the credit shelter trust.
Approximately $11,500,000 into the marital trust and approximately $4,500,000 into the credit shelter trust.
Approximately $11,500,000 into the credit shelter trust and the balance of the estate into the marital trust.
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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