1 What are the tax and non tax advantages or disadvantages of making a transfer by gift instead of at death 2 Although there appear to be transfer tax advantages in making gifts, can all taxpayers take advantage of these tax savings 3 If a husband and wife collectively own assets valued at $2 3 million with an aggregate basis of $400,000, what planning considerations should be taken into account to maximize overall tax savings under the federal gift, estate, and income tax systems How about if the assets were worth $6 3 Million with an aggregate basis of $3 4 Million 4 How will lifetime gifts affect any applicable state death taxation

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1  What are the tax and non tax advantages or disadvantages of making a transfer by gift instead of at death  2  Although there appear to be transfer tax advantages in making gifts, can all taxpayers take advantage of these tax savings  3  If a husband and wife collectively own assets valued at $2 3 million with an aggregate basis of $400,000, what planning considerations should be taken into account to maximize overall tax savings under the federal gift, estate, and income tax systems  How about if the assets were worth $6 3 Million with an aggregate basis of $3 4 Million  4  How will lifetime gifts affect any applicable state death taxation

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1. What are the tax and non-tax advantages or disadvantages of making a transfer by gift instead of at death? 2. Although there appear to

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