Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)The gift-splitting election will apply to all transfers made during the portion of any year that the spouses electing gift splitting are married to each other.
• B)The gift-splitting election is made separately on each gift either spouse makes.
• C)Making gifts during one's lifetime helps to reduce the amount of estate taxes owed at death.
• D)In order to use gift splitting, both spouses must be U.S. citizens or residents at the time of the transfer.

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Definitions:

Five-factor Model

A theory in psychology that identifies five main dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Changes

Refers to alterations in an individual's behavioral patterns, thoughts, and feelings over time.

Stability of Personality

The concept that an individual's basic personality traits tend to remain relatively consistent throughout adulthood.

Share Confidences

The act of exchanging private information or feelings with another, often building trust and intimacy in a relationship.