Right before his death from a terminal illness, Shing makes a gift of $$705,000$ cash to his churcha gift that he had planned to bequeath to the church anyway. Presuming Shing had a marginal Federal income tax rate of $35\%$ and his Federal estate tax bracket is $40\%,$ what is the tax effect of his lifetime transfer.

Ignore the $20\%/30\%/50\%/60\%$ contribution limitations$.$

If an amount is zero, enter $"0".$

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gifted during his lifetime, Shing will save $$\_\_\_\_\_\_$ in income taxes. If made as a bequest from his estate, the estate will save$$\_\_\_\_\_$ in estate taxes.