Question
Estate Planning Please provide the explanation with the answers. 1- What is the maximum amount that can be ported to Husband #2 if the DSUEA
Estate Planning
Please provide the explanation with the answers.
1- What is the maximum amount that can be ported to Husband #2 if the DSUEA of deceased Husband #1 was $2.0 million and his wife remarries in 2013 to Husband #2 with her full exemption amount of $5.43 million available when wife dies in September 2015 and leaves everything to Husband #2, except for $1 million to her children?
(A) $7.43 million
(B) $6.43 million
(C) $5.43 million
2- Same facts as Question 1, but what if Husband #2 has made significant lifetime gifts of $3 million to his children from a prior marriage, how much applicable credit will he have if he died in December 2015?
(A) $7.43 million
(B) $8.43 million
(C) $2.43 million
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