Jane and John Williams

2.Assume the following estate planning information for Jane and her spouse John.

Client: Spouse:

.____Jane John Joint*

Assets: $16,300,000 $9,200,000 $4,500,000

Debts: $1,000,000

Funeral: $120,000 $120,000

Estate Administration: $200,000 $200,000

Charitable Contrib.: $400,000 $400,000

Marital Plan: A/B A/B

*Jointly owned with

right of survivorship between

client and spouse. Assume

exclusion amount of $11,200,000

a. If Jane were to pass away first, what is her tax liability before the marital deduction?

b. If John were to pass away first, what is his tax liability before the marital deduction?