Respond to the following question in your textbook: Chapter 12


 Respond to the following question in your textbook: Chapter 12 Question C:12-21: Phil and Marcy have been married for a number of years. Marcy is very wealthy, but Phil is not. In fact, Phil, who has only $200,000 of property, is very ill, and his doctor believes that he probably will die within the next few months. Make one tax planning suggestion for the couple. Assume the year is 2019 and that Phil may die in 2019. Participate in follow-up by assuming Phil and Marcy have two children and provide a tax planning suggestion that would complement the tax planning suggestion made by classmates when Phil and Marcy did not have children. 

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