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George has a gross estate valued at $ 1 . 8 million. His estate consists almost entirely of publicly held stock owned solely by him.
George has a gross estate valued at $ million. His estate consists almost entirely of publicly held stock owned solely by him. He owes no debts. George's only living relative is a nephew whom he hasn't seen or heard from in years. George has not executed a valid will.
If George were to die in the current year without change in any of the related facts, which one of the following is a disadvantage of the probate process for George?
A
It will not allow payment of a personal representative's fee to reduce his estate tax so that it can be covered by the allowable unified credit.
B
It will not allow George's estate to be subject to court supervision regarding payment of claims and distribution.
C
It will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew.
D
It will not allow George's estate to claim a marital deduction to reduce the taxable estate.
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