In the Case of a Transfer by Gift, a QTIP

question 22

True/False

In the case of a transfer by gift, a QTIP election causes the property to be subject to the estate tax upon the death of the donee spouse.

---

Definitions:

Respiration Rate

The number of breaths taken per minute; a vital sign used to assess an individual's respiratory health and function.

Blood Sugar

The concentration of glucose in the blood, an important energy source for the body's cells.

Digestion

The biological process by which the body breaks down food into absorbable components.

Emergency Situation

A sudden, urgent, usually unexpected occurrence or condition requiring immediate action.