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Other Fields Homework Help Management Topic started by: keyone on Jun 2, 2017



Title: Mr. & Mrs. Clinton are in their 80s. They have saved millions of dollars and need to begin ...
Post by: keyone on Jun 2, 2017
Mr. & Mrs. Clinton are in their 80s. They have saved millions of dollars and need to begin taking steps to minimize their estate tax liability. They have asked you for advice, and you tell them, "Give each of your children, grandchildren, and great-grandchildren a cash gift to start spending down your estate." Is this correct?
A) Yes
B) No, because they still will have to pay income taxes on the gifts
C) No, because they will still be subject to the uniform transfer tax
D) No, because there are limits to yearly gifts


Title: Re: Mr. & Mrs. Clinton are in their 80s. They have saved millions of dollars and need to begin ...
Post by: jameel on Jun 2, 2017
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Title: Re: Mr. & Mrs. Clinton are in their 80s. They have saved millions of dollars and need to begin ...
Post by: keyone on Jun 26, 2017
Godsend :-:)