In terms of future Federal income and estate tax savings, there are numerous advantages to making lifetime transfers. In this connection, comment on each of the following.
a. Avoiding the tax on future appreciation.
b. The annual exclusions utilized as to gifts.
c. Payment of expenses prior to death.

Question

Quizplus · Accepted Answer

The Answer of In terms of future Federal income and estate tax savings, there are numerous advantages to making lifetime transfers. In this connection, comment on each of the following.
a. Avoiding the tax on future appreciation.
b. The annual exclusions utilized as to gifts.
c. Payment of expenses prior to death.

In Terms of Future Federal Income and Estate Tax Savings