Walter Adamson Passed Away This Year at the Age of 62

Walter Adamson passed away this year at the age of 62.
Previously,Walter had structured his will so that his wife would receive his stocks and land,to be held in a trust on her behalf.Additionally,his 33 year old son,Steven,would receive a building to be held in a trust until Steven reached the age of 45.
The assets transferred to Mrs.Adamson consist of a piece of land with an ACB of $100,000 and a FMV of $300,000; and stocks valued at $200,000,with a cost base of $150,000.
The assets transferred to Steven consist of a building with an ACB of $200,000,a UCC of $180,000,and a FMV of $300,000.
Required:
Discuss the immediate tax consequences for Walter's tax return,Mrs.Adamson,and Steven,regarding the initial transfer of these assets,showing calculations where necessary.

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