At his death Titus had a gross estate consisting of $6 million of property. Which of the following is a true statement about Titus' estate or estate tax?
A) Titus must have a tentative transfer tax calculated on at least $2 million of transfers.
B) Titus must have a probate estate of at least $6 million.
C) Titus must have an adjusted gross estate of at least $6 million.
D) Titus must have cumulative taxable transfers of at least $6 million.
E) None of the choices are necessarily true.
Correct Answer:
Verified
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