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Harry and Jenny are husband and wife and have several adult children. Harriet has a net worth in excess of eight million dollars, while Joshs

Harry and Jenny are husband and wife and have several adult children. Harriet has a net worth in excess of eight million dollars, while Joshs assets are negligible. Suggest several planning procedures that will maximize the use of estate exemption equivalents (i.e., bypass amounts) in transferring Harriets wealth to the children under the following assumptions. Remember that the 2014 exemption for estate taxes is $5,250,000.

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