In Milestone Two, you will review the Final Project Client Information document to identify all beneficiaries and discuss potential tax ramifications of receiving inherited property. In addition, you will be analyzing and making recommendations regarding marital and lifetime gifting property transfers. In the Estate Plan Workbook you started working on for Milestone One, recalculate the gross estate, probate estate, and marital and charitable deductions using the estate valuation template in the Estate Revaluation tab to reflect property transfers. Additionally, recalculate the taxable estate and estate tax liability using the estate tax template (Column 2 in the Estate Tax Calculation tab).

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