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Joel and Rachel are both retired. Married for 5 0 years, they ve amassed an estate worth $ 2 4 0 million. The couple has

Joel and Rachel are both retired. Married for 50 years, theyve amassed an estate worth $240 million. The couple has no trusts or other types of tax-sheltered assets. If Joel or Rachel dies this year, what is the minimum amount of federal estate tax that would have to be paid, assuming that the estate is taxed at 45 percent rate?

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