In Each of the Following Independent Situations, Describe the Effect

question 23

Essay

In each of the following independent situations, describe the effect of the disclaimer procedure on Ray's taxable
estate. In this regard, advise as to whether a disclaimer should be made, by whom, and for what amount. Ray died in
2019.
a. Ray's will leaves $12,000,000 to his adult son Tyler and the remainder $500,000) to Amy
Ray's surviving wife).
b. Ray's will leaves $12,000,000 to Amy Ray's surviving wife) and the remainder $3,000,000) to his adult son Tyler.
c. Ray's will leaves $12,000,000 to Amy Ray's surviving spouse) and the remainder $500,000) to the local zoo, a qualified charity.

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Definitions:

Convert Words

This typically involves changing words from one form to another, such as converting verbs to nouns, or adapting text from one language to another.

Appointment Area

A designated zone or part of a schedule where appointments are booked or listed.

Weather Bar

A graphical display of current or forecasted weather conditions, often found in software or websites.

Recurring Event

an event that repeats at regular intervals, such as a weekly meeting or annual conference.