A(n)________ Attempts to Minimize Taxes on a Family Business Passed

question 92

Multiple Choice

A(n) ________ attempts to minimize taxes on a family business passed from one generation to the next by creating two classes of stock-one for the parents (preferred stock) ,whose value is locked in,and another for the children (common stock) ,whose value reflects the market value of the business.

• A)grantor-retained annuity trust
• B)estate freeze
• C)trust
• D)buy/sell agreement

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Definitions:

Dissociative Disorder

A psychological condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Amnesia

A partial or complete loss of memory due to loss of consciousness, brain damage, or some psychological cause.

Conversion Disorder

Conversion disorder is a mental condition in which a person experiences physical symptoms, such as blindness or paralysis, that have no identifiable physical cause but are believed to be linked to psychological factors.

Hypochondriasis

A disorder in which an individual is excessively and unduly worried about having a serious illness, despite medical assurance to the contrary.