Which of the Following Is a True Statement

question 136

Multiple Choice

Which of the following is a true statement?

• A)Leaving all property to the surviving spouse maximizes the marital deduction and therefore minimizes total transfer taxes on the estates of both spouses.
• B)A bypass provision in the will of the deceased spouse is designed to use the applicable credit of the deceased spouse by transferring property to beneficiaries other than the surviving spouse.
• C)Serial gifts are limited in scope because only $10,000 can be transferred each year tax-free to any specific donee.
• D)Serial gifts can move significant amounts of wealth only if employed by multiple donors.
• E)None of the choices are true.

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Definitions:

District Attorney

A public official who represents the government in the prosecution of criminal offenses within a specific judicial district.

Attorney General

The principal legal officer who represents a country or a state in legal matters and gives legal advice to the government.

Prosecuted

This involves legal proceedings against an individual or entity for the commission of a crime, leading to a trial and potentially a conviction.

Probable Cause

Reasonable grounds for believing that a search should be conducted or that a person should be arrested.