A Timely Issued Disclaimer by an Heir Transfers the Property

question 81

True/False

A timely issued disclaimer by an heir transfers the property to someone else without a Federal gift tax result.

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Definitions:

Jaundice

A yellowing of the skin and whites of the eyes caused by an increase in bilirubin levels, often indicative of liver dysfunction or blockage of bile ducts.

Scleras

The tough, white outer covering of the eyeball, providing protection and structural support to the eye.

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to inadequate oxygenation of the blood.

Epidermal Layer

The outermost layer of the skin that acts as a barrier against environmental damage, including pathogens and physical harms.