Identify Which of the Following Statements Is True

question 3

Multiple Choice

Identify which of the following statements is true.

• A) Qualified disclaimers are not available for estate planning purposes.
• B) Special use valuation is available for farmland to help alleviate liquidity problems.
• C) The transferee is liable for the generation- skipping transfer tax (GSTT) in the case of a direct skip.
• D) All of the above are false.

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Definitions:

Microsoft Excel

A spreadsheet program developed by Microsoft that allows users to organize, format, and calculate data with formulas using a system of rows and columns.

Expert System

Computer program that imitates human thinking through complicated sets of “if-then” rules.

Human Thinking

The cognitive process that includes reasoning, problem-solving, and decision-making by humans.

Expert System

A computer system that emulates the decision-making ability of a human expert in a specific domain.