Reversionary Interests in Publicly Traded Stocks Included in a Gross

question 37

Multiple Choice

Reversionary interests in publicly traded stocks included in a gross estate must be valued

• A)by an independent actuary.
• B)by an appraiser.
• C)by considering the fact that the transferor has died.
• D)using actuarial tables.

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Definitions:

Just Compensation

The fair market value pay required by the government to be given to a property owner when the government takes private property for public use under the power of eminent domain.

Fifth Amendment

An amendment to the U.S. Constitution that provides several rights to individuals, including protection against self-incrimination and the guarantee of due process.

Fourteenth Amendments

An amendment to the US Constitution granting citizenship to all persons born or naturalized in the United States and guaranteeing all citizens equal protection under the law.

Rational Relationship Test

A standard of review used by courts to evaluate the constitutionality of laws, ensuring that the law has a reasonable relation to a legitimate government purpose.