"Your first paragraph is correct, and my only guess at an explanation is that the lawyer meant to say (and perhaps said) that he could leave $675,000 to his two sons. He can; that's $337,500 for each son. He could not have meant he could leave $675,000 to Son #1 and another $675,000 to son #2 and so could his wife, all free from gift/estate tax; "This was one of those TV roundtable "discussions" (i.e., yelling matches). I'm pretty sure the anti- estate tax repeal discussant really did believe the $675,000 amount was per child. I was surprised the repeal proponents didn't jump down his throat (I would have) for basing his argument on incorrect facts. I suppose they are so busy trying to shout past each other, they don't even hear an opening to deal an opponent a knock-out punch. Serves me right for watching (I never do, but there was an ad during the NCAA).
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