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How sam and dave will inherit

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Reference no: EM132488981

Question 1: Jane Jones, a widow with two adult sons (Sam, Dave) is in a combined 48% federal and state estate tax bracket. Jane is charitably minded, so she transfers $1,000,000 of appreciated IBM stock to a charitable remainder annuity trust (CRAT), retaining a 6% annuity interest for herself. After Jane's death, the CRAT assets will pass to the American Heart Association. If Jane does not set up a wealth replacement trust, Sam and Dave will inherit:

Reference no: EM132488981

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