Identify which of the following statements is true.

Question

Quizplus · Accepted Answer

Option A is false, as qualified disclaimers are commonly used in estate planning to redirect assets to alternative beneficiaries or to take advantage of tax planning. Option C is also false, as the donor (not the transferee) is generally liable for the GSTT in the case of a direct skip. Option B is true, as special use valuation allows farmers to value their farmland based on their agricultural use rather than its fair market value, reducing the amount of estate tax owed and helping to alleviate liquidity problems for the heirs.

Identify Which of the Following Statements Is True