Question: Please answer all blanks on Image 3 Raphael Galego died in 2012, leaving an estate of $21,000,000. Raphael's wife died in 2009. In 2009, Raphael

Please answer all blanks on Image 3 Raphael Galego died in 2012,leaving an estate of $21,000,000. Raphael's wife died in 2009. In 2009,Raphael gave his son property that resulted in a taxable gift of

Please answer all blanks on Image 3

Raphael Galego died in 2012, leaving an estate of $21,000,000. Raphael's wife died in 2009. In 2009, Raphael gave his son property that resulted in a taxable gift of $4,000,000 and upon which Raphael paid $950,000 in transfer taxes. Raphael had made no other taxable gifts during his life. Raphael's will provided a charitable bequest of $500,000 to a museum of natural history. Exhibits - Tax schedules and credits Exhibit 15.7 - Unified Credits and Applicable Exclusion Amounts for Estates and Gifts: Exhibit 15.7 - Unified Credits and Applicable Exclusion Amounts for Estates and Gifts: Source: Internal Revenue Code, Section 2001. Computing Federal Estate Tax Due

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