Identify Which of the Following Statements Is False

question 72

Multiple Choice

Identify which of the following statements is false.

• A) Every grantor is entitled to a $5.25 million exemption from the GSTT in 2011.
• B) If Greg transfers assets directly to his grandson, this transaction would be an example of a direct skip.
• C) The GSTT is levied at a flat rate, which is higher than the top rate under the estate tax rate schedule.
• D) If Shaad transfers property in trust to his son, with the remainder to his grandson, at the death of the son a taxable termination will result.

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Definitions:

Neuroticism

A personality trait involving a long-term tendency to be in a negative or anxious emotional state.

Relationship Progressing

The development and deepening of a relationship, characterized by increased intimacy, commitment, and trust.

Preoccupied

The state of being engrossed in thought or excessively occupied with something, often to the point of being distracted from other concerns.

Similarity Predicts Satisfaction

A principle in social psychology suggesting that similarity in attitudes, beliefs, and interests greatly predicts the level of satisfaction and success in personal relationships.