Briefly Discuss How Inter Vivos Gifts Can Be Used to Reduce

question 11

Essay

Briefly discuss how inter vivos gifts can be used to reduce the size of the estate tax base.

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Definitions:

Process

A sequence of measures or procedures executed to accomplish a specific goal.

Information

Data that is accurate and timely, specific and organized for a purpose, presented within a context that gives it meaning and relevance.

Representative Power

The formal right conferred by the firm to speak for and to a potentially important group.

Personal Power

Describes an individual's ability to influence or control the circumstances of their own or others' lives.