In order for a transfer to be treated as a complete gift, the transfer must be irrevocably relinquished by the donor.
Correct Answer:
Verified
Q14: A gratuitous transfer of cash made directly
Q15: The annual exclusion eliminates relatively small transfers
Q16: The applicable credit is designed to allow
Q17: Only complete gifts are subject to the
Q18: The federal transfer taxes are calculated using
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
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