Bill & Sue Miller are each in their early 60's and have the following assets: House $500,000 Bill IRA $400,000 Sue IRA $500,000 Investment Account (JTWROS) $3,000,000 Savings Account in Sue's name $2,000,000 Life Insurance Bill - $3,000,000 Life Insurance Sue - $3,000,000 For this case study, assume Bill & Sue have done no estate planning to this point. They wish to pass their estate to their son. In three pages or less, discuss the estate planning strategies that they should explore. Discuss the possible estate taxes that could be incurred or avoided. What other strategies should they employ during their lifetime? What actions should they take? What would they likely pay in estate taxes before and after your plan?