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Fred is retired and living on a pension. He has accumulated almost $10 million of property he would like to leave to his children. However,

Fred is retired and living on a pension. He has accumulated almost $10 million of property he would like to leave to his children. However, Fred is afraid much of his wealth will be eliminated by the Federal Estate Tax.

  • Is Freds fear well founded?
  • In contrast, what would you advise Fred if he had accumulated $20 million in property?

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