If two properties are currently of equal value, giving away the property least likely to appreciate would reduce potential estate value.
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Q1: The gift tax and estate taxes were
Q2: Painting a house for your mother is
Q4: Gifts are valued at their fair market
Q5: Putting cash into a joint bank account
Q6: The tax on generation skipping transfers has
Q7: The kiddie tax applies to all unearned
Q8: A taxpayer must not retain any incidents
Q9: Probate determines the property included in a
Q10: A taxpayer can elect to pay a
Q11: The executor can elect the alternative valuation
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