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:

Poor Urban Neighborhoods

Areas within cities characterized by lower socioeconomic status, often facing issues like overcrowding, inadequate housing, and limited access to services.

March On Washington

Civil rights demonstration on August 28, 1963, where the Reverend Martin Luther King Jr. gave his “I Have a Dream” speech on the steps of the Lincoln Memorial.

Economic Equality

A principle aiming for equal opportunity and fairness in the economic sphere, ensuring that wealth and resources are distributed more evenly across society.

Women Activists

Female individuals who actively advocate for and work towards political, social, economic, or environmental change.