You could give an unlimited amount of assets to your _____ without incurring any gift taxes.
A) children
B) spouse
C) friends
D) charity trust
E) relatives
Correct Answer:
Verified
Q42: If the ownership of a closely held
Q46: The unused unified transfer tax (UTT)credit can
Q48: The person setting up a trust is
Q48: The tax base for the transfer tax
Q50: Jane and Arthur Patrikson are happy that
Q51: A trust that comes into existence only
Q52: You could gift any number of people
Q54: The unified tax credit can be applied
Q56: If the amount of stock in the
Q59: A _ is applied to reduce estate tax
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