In the Current Year, Martha Makes the Transfers Below to Her

question 81

Essay

In the current year, Martha makes the transfers below to her husband, Ryan. What is the amount, if any, of her marital deduction?
a)In August, she gives him a house valued at $250,000.
b)In December, she gives him a 15-year income interest in a trust with the bank name as trustee. She names her son as the remainderman. The trust is irrevocable and is funded with $500,000 of assets, and 8% is the applicable interest rate.

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Definitions:

Stress Interview

An interview technique designed to put the interviewee in a challenging situation to assess their performance under pressure.

Impression Management

The practice of consciously making choices to influence the perceptions others have of an individual or organization.

Controlling Style

A communication or management approach focusing on directing and dictating the actions of others.

Manipulative

The employment of clever tactics or influence to control or deceive for personal gain.