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:

Testis

A male reproductive organ responsible for producing sperm and hormones, such as testosterone.

Mammary Glands

Specialized organs in mammals that produce milk for feeding their young.

Excessive Development

An abnormal or unusually high growth or enlargement in structure or size.

TUNA

Transurethral Needle Ablation, a minimally invasive procedure used to reduce symptoms of an enlarged prostate.