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Alfred dies in 2019 with a taxable estate of $5 million. He never married and he never made any lifetime gifts. The basic exclusion amount

Alfred dies in 2019 with a taxable estate of $5 million. He never married and he never made any lifetime gifts. The basic exclusion amount in 2011 equals $11.4 million. Alfreds personal representative would like to know whether an estate tax will be due and owing on Alfreds death. Discuss.

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