Corporations-partnerships-estates and trusts problems

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Reference no: EM13750300

Corporations, Partnerships, Estates & Trusts Problems

Bill and Ellen are husband and wife with five married children and eight grandchildren. Commencing in December 2013, they would like to transfer a tract of land (worth $1,008,000) equally to their children (including spouses) and grandchildren as quickly as possible without making a taxable gift. What do you suggest?

Reference no: EM13750300

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