Jones is seriously ill and has $3.40 million of property that he wants to leave to his four children. Jones is considering making a cur gift of the property (rather than leaving the property to pass through a will). Assume all of his exemption equivalent was used and a taxable transfers will be subject to the highest transfer tax rate. (Refer to Exhibit 25-1 and Exhibit 25-2.) a-1. Determine how much gift tax Jones will owe if the transfers are made now. a-2. If Jones makes a current gift, how much estate tax will be saved if Jones dies after three years, during which time the property appreciates to $4.7 million? Note: For all requirements, enter your answers in dollars and not in millions of dollars