QUESTION 37
Which of the following would qualify for a gift-splitting?
Herbert and his wife Kelly transfer stock worth $30,000 to their son Ignatius.
Jakob and his wife Mariska, a Hungarian citizen living in Hungary, transfer stock worth $30,000 to their son Istvan.
Louise and Marv transfer stock worth $30,000 to their son Nels before their divorce, although Louise has since remarried.
None of the above.
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QUESTION 38
Which of the following would most likely be included in the decedent’s gross estate?
$100,000 face value life insurance policy on the life of the decedent’s brother.
$100,000 undistributed retirement account balance.
$100,000 bank account held as joint tenants with rights of survivorship with the decedent’s spouse.
All of the above.
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QUESTION 39
Oscar dies on February 2, 2016. The property included in his gross estate could be potentially valued for estate tax purposes:
on February 2, 2016.
on November 2, 2016.
on August 2, 2016.
Two of the above.
