Major tax implication of a pre-death or post-death situation

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Question:

Discuss one major tax implication of a pre-death or post-death situation, how it can be addressed, and the rules for minimizing tax when possible.

Further discuss whether the tax deferred savings and in some cases tax deductions for contributions make up for the tax liabilities during the pre-death or post-death distribution period.

Be specific, use Examples, and illustrate as if you are counseling a novice client.

Reference no: EM13829527

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