S1 died November 30, 2013, survived by 80-year-old S2. The 7520 rate was 4%. They had an

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S1 died November 30, 2013, survived by 80-year-old S2. The §7520 rate was 4%. They had an ABC estate plan. At S1's death their holdings had the following net value:

S1 Separate Property, $6,400,000Community Property, $6,000,000S2 Separate Property, $1,800,000 $14,200,000 total

S2 died October 9, 2015, and the trusts had the following values:

Trust A: $5,000,000 Trust B: $6,422,872 Trust C: $5,077,128

	1) At what value will Trust A be funded?	A.	$673,982 (allow for rounding)
	2) At what value will Trust B be funded?	B.	$740,000
	3) At what value will Trust C be funded?	C.	$2,000,000/$9,400,000 QTIP fraction should be elected
	4) What is the QTIP fraction necessary to equalize the two estates at $7,100,000?	D.	$2,300,000/$5,000,000 QTIP fraction should be elected
	5) What is S1's 2013 estate tax liability?	E.	None of the other answers is correct
.	6) S2's executor will take advantage of the prior transfer credit. Regarding the determination of the PTC for S2's estate, what is "credit limit one"?	F.	$2,300,000/$4,150,000 QTIP fraction should be elected
	7) S2's taxable estate was correctly determined to be $7,813,830. S2's executor will take advantage of the prior transfer credit. Regarding the determination of the PTC for S2's estate, what is "credit limit two"? Note, Table S factor for a life estate (age 80, 4%) is 0.26493.	G.	$4,800,000
	8) What is the prior transfer credit for S2's estate?	H.	$196,048 (allow for rounding)
		I.	$5,250,000
		J.	$1,105,169
		K.	$4,150,000