Can someone explain the answer to this question? More precisely, I don’t understand why… “Because his daughter’s estate will not be taxed, this lowers the ultimate estate tax that will be paid.” …would influence Puente’s decision to gift now? Gift and estate taxes are at the same level (for Puentes)! What the daughter’s estate has to deal with it?
he gifts - his estate reduces = so he pays lower estate taxes NOW. (when compared to if he did not gift).
Thank you, very helpful. I thought that “estate tax” was the one charged in one’s option to bequest, no?