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Fact Scenario:According to Johnny, a lawyer at the firm where you work, Mark Assatenis coming in tomorrow to discuss his estate planning needs after he

Fact Scenario:According to Johnny, a lawyer at the firm where you work, Mark Assatenis coming in tomorrow to discuss his estate planning needs after he gets home from his vacation property in another state. He and his wife, Rosy, are not getting along, and he is anxious to change some of the provisions of his will. He owns a company that has seen its value skyrocket recently. He also worries about large estate taxes and probate costs. He is sure to ask about various types of estate plans.

To prepare for his meeting, Johnny asks you to write memo outlining the various issues that may arise, including whichestate planning options might best address particular of those issues. Explain your rationale.

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