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Jose set up a trust for his two married daughters with $500,000 of stocks and bonds at the end of 2014.Jose can change the trust beneficiaries at any time,however.In 2015,each of the daughters receives $15,000 from the trust.What are Jose's gift tax consequences as a result of these events? Explain.
Retrieval
The process of recalling information stored in the memory when needed.
Long-Term Memory
Long-Term Memory represents the stage of the memory process where information is stored indefinitely and can be retrieved long after it was originally learned.
Primary Language
The first language a person learns fluently, typically from early childhood, and uses readily as a primary means of communication.
Storage
The mental “holding on” to information between the time it is encoded and the time it is retrieved.
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