Which of the Following Is a True Statement

question 105

Multiple Choice

Which of the following is a true statement?

• A)A serial gift strategy utilizes inter vivos gifts to multiple donees over multiple years to maximize the annual exclusion.
• B)A serial gift strategy works well even if the gifts don't qualify as present interests.
• C)A bypass trust avoids all estate taxes on the estate of the first spouse to die.
• D)The income tax savings from holding appreciated property until death are always outweighed by the additional estate tax imposed on the property.
• E)None of the choices are true.

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Definitions:

Individualistic

Describes a social theory or attitude that emphasizes the moral worth of the individual over the collective.

Hip-hop

A cultural movement that includes rap music, dance, art, and fashion, originating in the 1970s in the Bronx, New York City.

Dissent

Voicing or maintaining beliefs that differ from the ones previously, widely, or officially accepted.

Countercultures

Subcultures that reject and oppose significant norms, values, or laws of the greater society and create their cultural norms and values.