Harriet and Josh are husband and wife and have several adult children. Harriet has a net worth
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Question:
Harriet and Josh are husband and wife and have several adult children. Harriet has a net worth in excess of eight million dollars, while Josh’s assets are negligible. Suggest several planning procedures that will maximize the use of estate exemption equivalents (i.e., bypass amounts) in transferring Harriet’s wealth to the children under the following assumptions. Remember that the 2014 exemption for estate taxes is $5,250,000.
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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