Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)When making a QTIP transfer, the donor does not control who will receive the property on the death of the donee-spouse.
• B)The marital deduction is limited to the amount of the gift that exceeds the annual exclusion.
• C)Claiming the marital deduction on a QTIP transfer is mandatory.
• D)Terminal interests cannot be eligible for the marital deduction.

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Definitions:

Abdominal

Relating to the abdomen, the part of the body between the thorax and pelvis containing digestive organs.

Medial

Pertaining to or situated toward the midline of the body or a structure.

Exocrine Glands

Glands that release their secretions through ducts either to the external environment or into the digestive tract, unlike endocrine glands, which secrete hormones directly into the bloodstream.

Cystic Fibrosis

A genetic disorder that affects the respiratory, digestive, and reproductive systems, characterized by the production of thick, sticky mucus.