Your estate tax burden can be reduced by giving gifts to your heirs prior to your death. This has the effect of reducing the value of your estate and thus lowering your tax obligation. As of 2011, each spouse can give up to $________ each year to ________.

Question

Quizplus · Accepted Answer

As of 2011 and continuing to the present, each spouse can give up to $13,000 each year to as many people as they like without triggering gift tax consequences. Therefore, the best choice is E as it provides the most accurate information.

Your Estate Tax Burden Can Be Reduced by Giving Gifts