A Split-Interest Gift Transfer

question 76

Multiple Choice

A split-interest gift transfer

• A)involves two public (charitable)organizations.
• B)involves two present interests.
• C)qualifies for a charitable contribution deduction if the recipient charity receives a guaranteed annuity, which is a present interest.
• D)cannot qualify for a deduction if a future interest is given to a charitable organization.

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Definitions:

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Teratogens

Agents or factors that can cause malformation or birth defects in an embryo or fetus when exposed during pregnancy.

Prenatal

Relates to the period before birth, during the development inside the womb.

Personal Fable

A belief held by adolescents that they are unique and invincible, which can lead to risk-taking behaviors due to their perceived exceptionality.