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John and Jenny are married. They have 2 children. Assume 2023 estate tax laws. John has assets of $25,985,960 and Jenny has assets of $2,000,000.
John and Jenny are married. They have 2 children. Assume 2023 estate tax laws. John has assets of $25,985,960 and Jenny has assets of $2,000,000. There is no state death tax. John would like to minimize estate taxes at his death. How much should he put in a credit shelter trust? (Round your answer to 2 decimal places) (Use 2023 tax information)
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