Dustin owns all of the stock of Gold Corporation which includes both common and preferred shares.The preferred stock is noncumulative,has no redemption date,and possesses no liquidation preference.In 1995,Dustin makes a gift to his adult children of all of the common stock.He dies in 2009 still owning the preferred stock.The value of the Gold stock on the relevant dates is:
One of the tax consequences of this estate freeze is:
A) Dustin's gross estate includes $0 as to the stock.
B) Dustin's gross estate includes $5,000,000 as to the stock.
C) Dustin made a gift of $400,000 in 1995.
D) Dustin made a gift of $3,000,000 in 1995.
E) None of the above is correct.
Correct Answer:
Verified
Q63: Which,if any,of the following statements properly characterize
Q64: With respect to a stock interest in
Q69: In a typical "estate freeze" involving stock:
A)The
Q72: In 2009,Arlene makes a gift of stock
Q75: The election of § 2032 (alternate valuation
Q76: Which, if any, of the items listed
Q79: In 2009,Donna's father dies and leaves her
Q80: At the time of Rick's death,he owned
Q81: Presuming the year 2009 is involved,which,if any,of
Q82: Presuming the § 2032A election is properly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents