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3. Discuss the reasons estate planners cite for making lifetime gifts. How and in what ways might gift giving help reduce estate shrinkage? 4. Explain
3. Discuss the reasons estate planners cite for making lifetime gifts. How and in what ways might gift giving help reduce estate shrinkage?
4. Explain the general nature of the federal estate tax. How does the unified tax credit affect the amount of estate tax owed?
5. Explain the general procedure used to calculate the federal estate tax due.
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