h. James has agreed to make a $200,000 charitable contribution to the Sierra Club out of his estate. i. If any trusts are created, the income from the trust will benefit the surviving spouse, and any...

h. James has agreed to make a $200,000 charitable contribution to the Sierra Club out of his estate.

i. If any trusts are created, the income from the trust will benefit the surviving spouse, and any corpus will ultimately pass to the children.

Develop an estate plan for the Wagners that would minimize estate taxes and incorporate the above factors. The unified transfer tax rates and exclusion amounts set forth in the text should be used. Assume that annual nontaxable gifts up to $14,000 per donor will be made to all children and grandchildren to whatever extent possible.