Assume Mary and Mack get married. If Mary dies first shortly after marriage, what is the...

  

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Assume Mary and Mack get married. If Mary dies first shortly after marriage, what is the non-inflation adjusted value of her gross estate? Assume Mary dies first and leaves all her assets to Mack. What will be her federal estate tax liability without the marital deduction? Assume Mary dies first and leaves all her assets to Mack. What will be the non-inflation adjusted value of Mack's gross estate if he dies shortly thereafter? How much will Mack owe in federal estate taxes should Mary dies first, leave all her assets to Mack, with Mack dying shortly thereafter? How does retitling assets as JTWROS conflict with Mary's family legacy goal? Should Mary add Mack to the title of her home as JTWROS? What would be an alternative recommendation? Why should Mary still have a living will, even though Mack disagrees? Unpaid Medical Bills Unpaid Bills Mary Mack Expected Funeral Expenses Estate Expenses and Fees Mary/Mack Mary/Mack $20,000 $8,000 $40,000 $85,000 (assuming Mary and Mack marry) Assume Mary and Mack get married. If Mary dies first shortly after marriage, what is the non-inflation adjusted value of her gross estate? Assume Mary dies first and leaves all her assets to Mack. What will be her federal estate tax liability without the marital deduction? Assume Mary dies first and leaves all her assets to Mack. What will be the non-inflation adjusted value of Mack's gross estate if he dies shortly thereafter? How much will Mack owe in federal estate taxes should Mary dies first, leave all her assets to Mack, with Mack dying shortly thereafter? How does retitling assets as JTWROS conflict with Mary's family legacy goal? Should Mary add Mack to the title of her home as JTWROS? What would be an alternative recommendation? Why should Mary still have a living will, even though Mack disagrees? Unpaid Medical Bills Unpaid Bills Mary Mack Expected Funeral Expenses Estate Expenses and Fees Mary/Mack Mary/Mack $20,000 $8,000 $40,000 $85,000 (assuming Mary and Mack marry)

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