A present interest is the right to currently enjoy property or receive income payments from property.
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Q20: Both spouses must consent to any gift-splitting
Q21: The probate estate will include the total
Q22: The probate estate consists of all property
Q23: A terminable interest in property is any
Q24: The debts of the decedent at the
Q26: The gross estate may contain property transfers
Q27: No deductions are allowed when calculating the
Q28: The tax on cumulative taxable gifts is
Q29: The gift-splitting election only applies to gifts
Q30: The theft of property included in the
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