Aaron Clark died in 2012 , leaving an estate of $24,000,000. Aaron's wife died in 2009 . In 2009 , Aaron gave his son property that resulted in a taxable gift of $5,000,000 and upon which Aaron paid $1,100,000 in transfer taxes. Aaron had made no other taxable gifts during his life. Aaron's will provided a charitable bequest of $750,000 to his town's historical society. Exhibits - Tax schedules and credits Exhibit 15.7 - Federal Unified Transfer Tax Rates: Use the following worksheet and Exhibits 15.7 and 15.8 to determine the federal transfer tax on Aaron Clark's estate. (Hint: Enter a value of $0 for any line that does not apply.)