How Could the § 2513 Election to Split Gifts Help

question 16

Essay

How could the § 2513 election to split gifts help avoid the generation-skipping transfer tax (GSTT)?

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Definitions:

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Color Blindness

A visual impairment where an individual has difficulty distinguishing between certain colors, often red and green.

Color Deficiency

A condition where an individual's perception of colors is different from what most people see, commonly referred to as color blindness.

Total Color Blindness

A rare vision condition where an individual cannot perceive any color at all, seeing only shades of gray.