Right before his death from a terminal illness, Shing makes a gift of $$865,000$ cash to his church $-$ a gift that he had planned to bequeath $t$ the church anyway. Presuming Shing had a marginal Federal income tax rate of $35\%$ and his Federal estate tax bracket is $40\%,$ what is the tax effect of his lifetime transfer.

Ignore the $20\frac{\%}{30}\frac{\%}{50}\frac{\%}{60}\%$ contribution limitations$.$

If an amount is zero, enter $"0".$

If gifted during his lifetime, Shing will save $ in income taxes. If made as a bequest from his estate, the estate will save $ in estate taxes.