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What type of tax planning would maximize the preservation

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Reference no: EM132484565

Mary's descendants include her children grandchildren, and great-grandchildren. Mary is in the process of transferring a residential house worth $700,000 and company stock worth $10,000,000 to her descendants.

Question 1: Assuming that the generation-skipping transfer tax did not exist, what type of tax planning would maximize the preservation of the wealth of Mary's family?

Reference no: EM132484565

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