Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)When making a QTIP transfer, the donor does not control who will receive the property on the death of the donee-spouse.
• B)The marital deduction is limited to the amount of the gift that exceeds the annual exclusion.
• C)Claiming the marital deduction on a QTIP transfer is mandatory.
• D)Terminal interests cannot be eligible for the marital deduction.

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Definitions:

Pelvis

The lower part of the torso, located between the abdomen and the thighs, consisting of the pelvic bones.

Colostrum

The first form of milk produced by the mammary glands of mammals (including humans) immediately following delivery of the newborn, rich in antibodies and nutrients.

Lactation

The secretion of milk by the mammary glands of a postpartum female, providing nourishment to the newborn.

Nipples

Specialized body structures located on the chest that can secrete milk in females and are present in both sexes without milk-producing function in males.