Write an introduction to taxation of gifts and estates. Identify and explain at least 3 estate tax planning strategies. Analyze the tax effects of the following: sole beneficiary is a spouse, estate assets donated to a charity, and estate assets given to children. Summarize your recommendations and conclusions.

Answer rating: 100% (QA)

Introduction to Taxation of Gifts and Estates The taxation of gifts and estates is a complex area of tax law that involves the assessment of taxes on transfers of wealth during a persons lifetime gift... View the full answer