Giselle, a widow, has an extensive investment portfolio that has appreciated in value. Starting this year, she initiates a policy of making annual gifts of securities to her grandchildren who are attending college. Evaluate Giselle's policy in terms of the resulting:
a. Federal gift and estate taxes.
b. Federal income tax.

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The Answer of Giselle, a widow, has an extensive investment portfolio that has appreciated in value. Starting this year, she initiates a policy of making annual gifts of securities to her grandchildren who are attending college. Evaluate Giselle's policy in terms of the resulting:
a. Federal gift and estate taxes.
b. Federal income tax.

Giselle, a Widow, Has an Extensive Investment Portfolio That Has