A Transfer of a Terminable Interest Will Not Generally Qualify

question 96

True/False

A transfer of a terminable interest will not generally qualify for a marital deduction.

---

Definitions:

Nonindustrial Societies

Societies that do not rely heavily on mechanized means of production, instead depending on agriculture, craftsmanship, and manual labor.

Ceremonial Event

An occasion or event marked by formal activities or rituals of significance, often relating to cultural, religious, or social traditions.

Village Chief

The leader or head of a village, responsible for governance, decision-making, and coordinating community activities.

Peasants

Rural agricultural laborers, often living in conditions of low socio-economic status and with limited political power.