Briefly Discuss How Inter Vivos Gifts Can Be Used to Reduce

question 11

Essay

Briefly discuss how inter vivos gifts can be used to reduce the size of the estate tax base.

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Definitions:

Economic Needs

The requirements necessary for maintaining an adequate standard of living, including food, shelter, and healthcare.

Shareholder Profits

The financial gains distributed to shareholders of a corporation, typically derived from earnings or capital gains.

Positive Impact

Effects or outcomes that result in beneficial changes or improvements, often relating to social, environmental, or economic factors.

Stakeholders

Individuals, groups, or organizations that have an interest or concern in a business or project and can be affected by its outcomes.