Multiple Choice
MATCHING:
-The right of a beneficiary or heir to refuse a gift by will, trust, or inheritance without any adverse tax consequences
A) marital deduction
B) charitable remainder
C) gift splitting
D) present interest
E) legal life estate
F) stepped-up basis
G) general power of appointment
H) term life insurance
I) disclaimer
J) bypass trust
Correct Answer:

Verified
Correct Answer:
Verified
Q19: MATCHING:<br>-An estate created by operation of law
Q20: MATCHING:<br>-An unlimited amount of a decedent's gross
Q21: Estate administration expenses can be used as
Q22: As part of an estate plan, a
Q23: The practice of gift splitting is available
Q25: When it is designed appropriately, an estate
Q26: MATCHING:<br>-The least expensive form of life insurance,
Q27: If a husband gives his wife a
Q28: An elderly beneficiary may choose to disclaim
Q29: After it is established, an estate plan