Dear experts,

Please solve this problem this is my professor challenge question.. I will do appreciate

Please use usual default law if not mentioned..

Question Description S1 died November 30, 2013, survived by 80-year-old S2. The $7520 rate was 4%. They had an ABC estate plan. At 51's death their holdings had the following net value: S1 Separate Property, $6,400,000 Community Property, $6,000,000 S2 Separate Property, $1,800,000 $14,200,000 total S2 died October 9, 2015, and the trusts had the following values: Trust A: $5,000,000 Trust B: $6,422,872 Trust C: $5,077,128 1) At what value will Trust A be funded? A. $673,982 (allow for rounding) 2) At what value will Trust B be funded? B. $740,000 3) At what value will Trust C be funded? C. $2,000,000/$9,400,000 QTIP fraction should be elected 4) What is the QTIP fraction necessary to equalize the two D. $2,300,000/$5,000,000 estates at $7,100,000? QTIP fraction should be elected 5) What is S1's 2013 estate tax liability? E. None of the other answers is correct 6) S2's executor will take advantage of the prior transfer F. $2,300,000/$4,150,000 credit. Regarding the determination of the PTC for S2's QTIP fraction should estate, what is "credit limit one"? be elected 7) 52's taxable estate was correctly determined to be G. $4,800,000 $7,813,830. S2's executor will take advantage of the prior transfer credit. Regarding the determination of the PTC for S2's estate, what is "credit limit two"? Note, Table S factor for a life estate (age 80,4%) is 0.26493. 8) What is the prior transfer credit for S2's estate? H. $196,048 (allow for rounding) I. $5,250,000 J. $1,105,169 K. $4,150,000 Please explain your answer. Question Description S1 died November 30, 2013, survived by 80-year-old S2. The $7520 rate was 4%. They had an ABC estate plan. At 51's death their holdings had the following net value: S1 Separate Property, $6,400,000 Community Property, $6,000,000 S2 Separate Property, $1,800,000 $14,200,000 total S2 died October 9, 2015, and the trusts had the following values: Trust A: $5,000,000 Trust B: $6,422,872 Trust C: $5,077,128 1) At what value will Trust A be funded? A. $673,982 (allow for rounding) 2) At what value will Trust B be funded? B. $740,000 3) At what value will Trust C be funded? C. $2,000,000/$9,400,000 QTIP fraction should be elected 4) What is the QTIP fraction necessary to equalize the two D. $2,300,000/$5,000,000 estates at $7,100,000? QTIP fraction should be elected 5) What is S1's 2013 estate tax liability? E. None of the other answers is correct 6) S2's executor will take advantage of the prior transfer F. $2,300,000/$4,150,000 credit. Regarding the determination of the PTC for S2's QTIP fraction should estate, what is "credit limit one"? be elected 7) 52's taxable estate was correctly determined to be G. $4,800,000 $7,813,830. S2's executor will take advantage of the prior transfer credit. Regarding the determination of the PTC for S2's estate, what is "credit limit two"? Note, Table S factor for a life estate (age 80,4%) is 0.26493. 8) What is the prior transfer credit for S2's estate? H. $196,048 (allow for rounding) I. $5,250,000 J. $1,105,169 K. $4,150,000 Please explain your