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Which of the Following Trusts Would Most Likely Not Be

question 184

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Which of the following trusts would most likely not be subject to an estate tax,but might be subject to a gift tax?


Definitions:

Standardising Work Procedures

The practice of developing and implementing uniform procedures for tasks to increase efficiency and consistency across an organization.

Organisational Commitment

The psychological attachment and loyalty an employee feels towards their organization, which can influence their willingness to work and perform.

Loyalty

Loyalty is the quality of being faithful to commitments or obligations, often reflected in consistent support or allegiance to a person, group, institution, or cause.

Individual

A single human being distinct from a group, class, or family.

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