1. Fred, who is single with 3 children from a prior marriage, is the owner of a 50% interest in a publically held company worth $100 million. Fred estimates he will be able to double the value of the company in less than 10 years. But Fred constantly worries about how much tax will be paid as a result of his death, whenever that occurs at some point in the future. Fred consults you for advice.

Assume Fred will live at least 10 more years. Make a list of 5 different strategies, you are ready to propose to Fred, which would have the effect of reducing the value of his estate at the time of his death, without substantially reducing the total wealth of his family. To assist Fred in evaluating the five different strategies, Fred also asks you to list and briefly describe at least one major disadvantage of each of the five strategies you suggest to him?