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Business, 22.05.2020 06:03 224509

"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to) all their property. She dies with a taxable estate of $25 million and leaves it all to Harold. He dies several years later, leaving the entire $25 million to their three children. (Refer to Exhibit 25-1 and Exhibit 25-2.)"

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"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and...
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