Estate Planning

Question 1Mrs. Riley dies in 2021 leaving her entire $13.4 million estate through her will to her penniless husband, John.His estate goes to their children at his death. He has terminal cancer with a life expectancy of only 1 to 2 years.The alternative valuation date...

Estate planning

PROJECT SCENARIO Carrie Carson: Carrie is a 60-year-old tai chi instructor living in Santa Fe, New Mexico. For many years, she practiced in Hollywood, and because of an acting background, she developed a clientele including many celebrities. About five years ago, when...