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My grandmother recently settled her mother's estate and is now worth a little over $1,000,000. Her son and daughter are each to receive half of her estate. She is currently 76. Right now my grandmother is gifting $10,000 to 6 different relatives (3 on each side) to draw down the size of her estate to avoid higher taxes later. Is this the best strategy? The daughter has more heirs and could receive more in gifting, but the brother feels that his sister should pay a percentage to him for getting more of her inheritance early. Any thoughts?
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