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Which of the stocks should be transferred as gifts

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Problem - Hun, age 93, has accumulated substantial assets during his life. Among his many assets are the following, which he is considering giving to Koji, his grandson.

Asset

Adjusted Basis

Fair Market Value

Silver Corporation stock

$900,000

$700,000

Red Corporation stock

70,000

71,000

Emerald Corporation stock

200,000

500,000

Hun has been in ill health for the past five years. His physician has informed him that he probably will not live for more than six months. Which of the stocks should be transferred as gifts and which as inheritances? Summarize your answer in a two-to three-paragraph e-mail to your instructor.

Reference no: EM132670551

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