John turned 80 years of age in January 2021. In celebration of his birthday and to honor his five years together with his girlfriend, Nicole, John made a $15 million gift of stock in his company to Nicole. Nicole was 42 years old at the time of the gift. Assume that John will use all available gift tax exclusions and exemptions and that he had not made previouse lifetime gifts to anyone. What amount of the gift to NIcole would be assessed a gift tax?

John died in 2021 with a taxable estate worth $40 million (after his gift to Nicole). John left his entire estate outright to his grandchildren because he was estranged from his son and daughter. What type of generation skipping transfer was John's testamentary gift to his grandchildren?

After considering John's inter vivos gift, how much of John's taxable estate would be assessed a Federal Estate Tax?

If NIcole were a citizen of the Bahamas and not a U.S. citizen, what amount of John's gift of the $15 million in stock to Nicole would be subject to a Federal Gift Tax after the annual gift exclusion for Nicole was applied but not the John's lifetime exemption?