Yoda, a family friend, has a special landcruiser he purchased years ago for $$12,000.$ He gave the

landcruiser to Luke on May $4$th when the fair market value was $$19,000.$

Will this gift be subject to federal gift taxes? If so$,$ how much is subject to federal

taxes?

To the extent any federal gift taxes are due, who should pay them?

If Luke subsequently sells the landeruiser on June $6$th for $$27,500,$ what would his

income tax consequences be$?$

If Luke subsequently sells the landeruiser on June $6$th for $$4,300,$ what would his

income tax consegineneas be$?$

If Luke subsequently sells the landcruiser on June $6$th for $$15,100,$ what would his

income tax consequences be$?$

Luke and Leia each have their own set of problems. Luke enjoys hanging out at the local cantinas

most nights, and Leia has an ongoing addiction to spice$-$an illegal drug from her galaxy.

What planning opportunities would you suggest to Anakin and Padme to achieve both

of the following objectives: $($a$)$ transfer of wealth and $($b$)$ asset protection?