How much is needed to fund a testamentary bequest, Taxation

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How much is needed to fund a testamentary bequest

Problem

Assume a 50% estate/gift tax, no exemptions available, and the client has $2 million in cash. How much does it "cost" to make a $1 million lifetime gift? How much is needed to fund a testamentary bequest of $1 million? Does the timing the lifetime gift matter? Which is the better choice and why?

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Taxation: How much is needed to fund a testamentary bequest

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Taxation: How much is needed to fund a testamentary bequest

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