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Assuming that Mr. Nitin leaves everything to surviving spouse. Shortly, thereafter Mrs. Shikha dies same year leaving an estate of $5 million. Find the value of estate available for children. Assume only for this question that there is no estate tax exemption amount and the funeral expenses are not paid out of the estate amount.
The Client wants to find out the value of estate that his spouse and each of their children would receive assuming he dies today.
Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.
Which of the following income comes under ''FDAP Income''?
Which of the following statement(s) about Credit Shelter Trust is/are correct?
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