Harold and Maude were married and lived in a common-law state. Maude died in 2018 with a taxable estate of $26.60 million and left It all to Harold, Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid nortahility election. Harold died this year, leaving the entire $26.60 million to their three children.(Refer to Exhibit 251 and Calculate how much estate tax is due from Harold's estate under the following two alternatives: 0. Assume that neither Harold nor Maude had made any taxable gifts prior to this year: b. Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gitt tax at that time with the applicable credit. EXHIBIT 25-2 The Exemption Equivalent/Apolicable Fralueinn a mount * Lie evune iun was uputona jor aeceaents aymg m 2010. In lieu of the estate tax, exect and exemption are zero for taxpayers who opt out of the estate tax in 2010. Harold and Maude were married and lived in a common-law state. Maude died in 2018 with a taxable estate of $26.60 million and left It all to Harold, Maude's executor filed a timely estate tax return claiming the marital deduction for the property left to Harold including a valid nortahility election. Harold died this year, leaving the entire $26.60 million to their three children.(Refer to Exhibit 251 and Calculate how much estate tax is due from Harold's estate under the following two alternatives: 0. Assume that neither Harold nor Maude had made any taxable gifts prior to this year: b. Assume that Harold and Maude each made a $1 million taxable gift in 2011 and offset the gitt tax at that time with the applicable credit. EXHIBIT 25-2 The Exemption Equivalent/Apolicable Fralueinn a mount * Lie evune iun was uputona jor aeceaents aymg m 2010. In lieu of the estate tax, exect and exemption are zero for taxpayers who opt out of the estate tax in 2010