The federal transfer taxes are calculated using cumulative lifetime transfers.

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The federal transfer taxes, including the gift tax, estate tax, and generation-skipping transfer tax, are all calculated using cumulative lifetime transfers. This means that all gifts and transfers made during a person's lifetime, as well as the value of their estate at the time of their death, are taken into account in determining the total tax owed.

The Federal Transfer Taxes Are Calculated Using Cumulative Lifetime Transfers