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:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, to suggest a resemblance.

Superego

In psychoanalytic theory, the part of the personality that represents moral standards and ideals, acting as a conscience.

Moral Guardian

An individual or entity that promotes and enforces traditional ethical standards and values within a community or society.

Freud

Sigmund Freud, an Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.