18. John and Shay have been married for 12 years. John had a net worth of $20,000,000 when he died in 2018. Which of the following scenarios would incur the lowest overall (at Johns death and Shays death) estate taxes assuming the property transfers at equal value at the death of both individuals and utilizing 2018 estate tax rates? Assume that portability is not elected. Which of the following scenarios would incur the highest overall (at Johns death and Shays death) estate taxes assuming the property transfers at equal value at the death of both individuals and utilizing 2018 estate tax rates? Assume that portability is not elected. For full credit, show your calculations for each scenario and justify your answer. a. Johns will directs the transfer of $15,000,000 to his two children and the remainder of his assets to his wife, Shay. b. Johns will directs that all of his property is transferred to Shay. c. At Johns death, specific bequests totaling $1,000,000 are transferred per the direction of the will to individuals other than Shay. The remainder of the assets are transferred to a trust with the income payable to Shay for her life and the remainder interest payable to the children at Shays death. Johns executor elected to treat this as a QTIP trust. d. In his will, John funds a trust with $11,180,000 for the benefit of his two children. Shay will receive an annual income distribution from the trust. All other assets will transfer to Shay.