Tim and Faith, husband and wife, have combined wealth of $22 million composed of real estate, cash, securities and stock in a closely-held corporation. Assume that their wealth is divided evenly by value between them. They have indicated to you that the corporation is rapidly growing in value each year. Assume also that this is Tim and Faith's only marriage. They have a simple estate plan where each of their Wills gives everything outright to the survivor. Neither has made any taxable gifts. Tim dies during the current year. Faith asks you (two weeks after Tim's death) what her expectation should be about any Federal estate tax. Describe to Faith whether or not there will be a Federal estate tax on Tim's death and what steps must be taken to minimize any Federal estate tax. What would you advise her to do about filing Tim's estate tax return? Take into account the marital deduction but ignore all other deductions