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Kennys estate may have some issues liquidating the


Assume, for this question only, that Kenny and Melissa were married today. They went straight to Kenny’s lawyer’s office to execute new wills and a QDOT trust document. On the way home from executing a valid will leaving all assets to Melissa, Kenny and Melissa were in a serious car accident. Kenny was comatose for several days before dying. His unpaid medical expenses were $150,000; Melissa had medical expenses for the accident of $10,000. The day after Kenny died, Melissa gave Kenny’s three children and three grandchildren each $22,000 then left for France to stay with her mother. Prior to Kenny's death, Kenny and Melissa gave Kenny's mother $60,000. Kenny’s estate may have some issues liquidating the portfolio to pay taxes; would his estate be eligible to use the installment payments under §6166?

A) Yes, this election would be available.

B) No, this election would not be available.

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Financial Management: Kennys estate may have some issues liquidating the
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