Which of the following could be a potential disadvantage of gift giving?
A) A person could gift away too much and consequently might experience financial strains
B) If one spouse gives the other substantial gifts and then decides to get divorced, that could pose a serious problem
C) Generation skipping tax may be imposed on the gift
D) B and C
E) A, B, and C
Correct Answer:
Verified
Q18: The unified credit and unlimited marital deduction:
A)
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Q24: The generation skipping transfer tax
A) Entitles one
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