Although Qualified Tuition Plans Under § 529 Are Treated Favorably

question 44

True/False

Although qualified tuition plans under § 529 are treated favorably for gift tax purposes, such plans are subject to estate tax consequences upon the grantor's death.

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Definitions:

Presumption Of Abandonment

A legal assumption that property has been deserted or forsaken by its owner, often impacting the rights to claim or dispose of the property.

Federally Protected

Designated as under the protection of federal laws or agencies, safeguarding against certain actions or policies.

Collective Mark

A trademark or service mark used by the members of a cooperative, association, or other collective group to indicate membership in the group.

Palming Off

A form of trademark infringement where a seller misleads consumers into believing their products are those of another brand.