Why might a terminally ill client be discouraged from selling highly appreciated investments in his portfolio? 15. There is a life insurance policy on Darren. Samantha is the beneficiary of the life insurance policy's death benefits. Under what circumstance(s) would the death benefits be excluded from Darren's estate for the purpose of Form 706 if Darren dies with the policy in force? 16. Daddy wants to give Annie $25,000 to buy a used car in January. What would you suggest? 17. If the objective is to reduce the size of an estate, why might it be unuseful to gift assets shortly prior to death? 18. Regarding the valuation of transfers, how does one value securities that trade on an exchange? 19. When would a bequest from a grandparent to a grandchild NOT be considered a generation skip? 20. Why is it typically preferable to inherit appreciated stocks & bonds versus IRAs & annuity contracts? 21. Why do you think that Congress disallowed use of the alternate valuation date method if there is no estate tax due?