At his death Titus had a gross estate consisting of $6 million of property. Which of the following is a true statement about Titus' estate or estate tax?
A) Titus must have a probate estate of at least $6 million.
B) Titus must have an adjusted gross estate of at least $6 million.
C) Titus must have cumulative taxable transfers of at least $6 million.
D) Titus must have a tentative transfer tax calculated on at least $2 million of transfers.
E) None of these is necessarily truE.Probate property is not the only property included in the gross estate (certain transfers are also included in the gross estate) .Other adjustments in the formula (both positive and negative) make other generalizations problematic.
Correct Answer:
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