Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)The gift-splitting election will apply to all transfers made during the portion of any year that the spouses electing gift splitting are married to each other.
• B)The gift-splitting election is made separately on each gift either spouse makes.
• C)Making gifts during one's lifetime helps to reduce the amount of estate taxes owed at death.
• D)In order to use gift splitting, both spouses must be U.S. citizens or residents at the time of the transfer.

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Definitions:

Behavior Therapies

A group of therapeutic techniques based on the principles of behavioral psychology, aiming to modify maladaptive behaviors.

Techniques

Methodical procedures or approaches used in a specific field or for accomplishing a task.

Effectiveness

The degree to which something achieves its intended outcome or meets its objectives under real-world conditions.

Institutionalization

The process of making something a part of an organized system, often referring to the effect of long-term hospital or prison environments on individuals.