Bernice dies and leaves property to her sister Yolanda.One year later,Yolanda dies.Under § 2013 (credit for tax on prior transfers),Yolanda's estate can claim a full credit for any Federal estate taxes paid by Bernice's estate as to amounts passing to Yolanda.

Question

Quizplus · Accepted Answer

The full credit is allowed if the transferee's death occurs within two years of transferor's death.

Bernice Dies and Leaves Property to Her Sister Yolanda