Anna is 85 years old and comes to you for estate tax planning advice. Anna's assets are: stock worth $3 million, a house worth $1 million, and other miscellaneous assets worth less than $500,000. Anna has not given any gifts of more than $500 during her life. What valid advice can you provide to her?
1-Consider putting the stock into a family limited partnership .
2-Give gifts to each of her favorite relatives and friends of $15,000 .
3-Set up a buy-sell agreement for the stock.
4- Don't worry about the estate and gift taxes .