If EJM predeceases MM,
MM will be the executor of the estate,
responsible for filing and paying the Massachusetts estate tax.
KBM should advise and help her,
but the final decision
and the legal responsibility
for settling the estate should be left to her.

The threshold issue will be
which of the EJM liquid assets of $627596.16,
all of which are assigned to her,
MM should disclaim.
The amount $627596.16 is not trivial.
If MM disclaims the entire amount
EJM liquid assets, $627596.16
the proceeds of this disclaimer immediately become
income taxable to KBM and or RAM, NPM, BJM, and LEM,
generating at a 25% marginal tax rate
an income tax liability of $156899.04,
leaving a net inheritance of $470697.12.
Those EJM liquid assets ($627596.16) which MM does not
disclaim could be added to her retirement plans, Keogh
and IRA respectively, giving her a total amount of 
liquid assets of $894970.69, and
plus $312518.88 in 529 Plans would amount to 1207489.57
which would entail a minimum annual distribution
of $78506.20 which plus social security benefits of $21886.01
and 529 distribution of 312518.08/11.4
equals $127806.15 or $350.15 per day,
without including the $508602.02 of MFT3.
That's more than sufficient to pay for a nursing home.
.PP
These disclaimer decisions are subject to countervailing considerations.
MM has the right to have EJM's tax-sheltered assets
transfered to her own Keogh and IRA accounts respectively.
Such transfer(s) would have the benefit of further
postponement of income taxes payable.

a
MM should file formal written disclaimers of all non-taxsheltered
liquid assets owned by EJM at the time of his death.
The disclaimers should
be filed with the trustees of the respective trusts,
which trustees should in all cases be KBM and MM herself,
except for the Schwab IRA of which Schwab is the custodian.
To avoid controversy,
I would file copies of the disclaimers
with the respective banks or brokers.
With respect to the
EJM IRA account with Schwab, MM should

=================



EJM keogh:                         496150.44
MM keogh:                          227945.35
EJM IRA:                           126496.09
MM IRA:                             44378.81
EJM MFT:                              599.90
MM MFT:                             66729.60
EJM CASH:                          116906.70
EJM PRACTICE:                        4349.73
EJM taxable liquid assets          627596.16
EJM taxable assets RET allowed     805625.13
EJM taxable assets RET denied     2172083.43
MM taxable liquid assets           455960.46
MM taxable assets  RET allowed     592514.16
MM taxable assets  RET denied     1821497.46
EJM + MM taxable liquid assets    1083556.62
Klemens assets:                   1840442.83
Lauras assets:                     862675.80
Klemens total assets:             3236518.33
Klemens + Laura total assets:     2703118.63
KBM +LAM+ EJM +MM total assets:   4099194.13
Childrens assets:                 1509620.23
KBM + Childrens assets:           3037544.18
KBM + LAM + Childrens assets:     3900219.98
Meyer Family Trust #3:             580602.02
EJM+MM liquid assets:             1396075.50
EJM+MM 529 liquid assets:          312518.88
EJM+MM liquid estate tax assets:  1083556.62
EJM+MM total assets:              1715007.90
EJM+MM total estate tax assets:   1402489.02
EJM+MM total estate tax assets:   2494918.62
EJM+MM total estate tax assets:   2632393.62
EJM+MM Keogh:                      894970.69
EJM+MM non-taxable liquid assets:  501104.81
EJM MM MFT3liquid assets:         1976677.52
Total liquid assets:              5296295.48
Total liquid assets:              5296295.48
Total real estate:                3248842.20
Total family assets:              8545137.68