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:

Cultural Differences

Variations in the practices, customs, and values of different societies and communities.

Depression

A common and serious medical illness that negatively affects how one feels, thinks, and acts, characterized by persistent feelings of sadness and/or a lack of interest in activities once enjoyed.

Suicide

Willfully taking one's own life.

Psychodynamic Perspective

An approach in psychology that emphasizes systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.