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Author Question: Federal and state estate taxes are best described as a. taxes on property left at death b. taxes ... (Read 252 times)

haleyc112

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on: Jun 22, 2018
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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Reply #1 on: Jun 22, 2018
Answer to Question 1

C

Answer to Question 2

C


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haleyc112

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Reply #2 on: Jun 22, 2018
Thank you


cloudre37

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Reply #3 on: Jun 22, 2018
No problem :)


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