Author Question: Federal and state estate taxes are best described as a. taxes on property left at death b. taxes ... (Read 238 times)

haleyc112

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Federal and state estate taxes are best described as
 
  a. taxes on property left at death
  b. taxes on beneficiaries
  c. taxes on the transfer of property from a decedent to his or her beneficiaries
  d. taxes on gifts
  e. taxes on a person who dies

Question 2

An arrangement through which one transfers property to a third party with instructions for its distribution after death while retaining control over the property during his or her life is called a
 
  a. will
  b. gift
  c. trust
  d. joint tenancy with right of survivorship
  e. codicil



cloudre37

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Answer to Question 1

C

Answer to Question 2

C



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