The Widow of a Decedent May Add the Decedent's Remaining

question 27

True/False

The widow of a decedent may add the decedent's remaining lifetime exclusion to her lifetime exclusion only if the estate executor makes an irrevocable election.

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Definitions:

Food Stamps

A government aid program that provides low-income individuals or families with vouchers to purchase nutritious food.

Parity Concept

A principle aiming to ensure equivalence, such as purchasing power parity in currencies, which suggests equal purchasing power for different currencies in their home countries.

Economic Rationale

The reasoning behind economic behaviors and decisions, based on the principles of costs, benefits, and economic efficiency.

Overproduction

The situation where more goods or services are produced than are demanded, causing prices to drop or resources to be wasted.