If your estate is $500,000 over the maximum tax free limit, one way to avoid paying estate tax on the excess would be to
A) hide $500,00 in cash and bury it in the yard, leaving a secret map.
B) order the estate to make a $500,000 charitable contribution since the amount contributed would not be subject to estate tax.
C) gift the $500,000 to your children after your death but before the estate is settled.
D) None of these schemes will avoid the estate tax.
Answer: B
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The Statement of Net Position ______.
Fill in the blank(s) with the appropriate word(s).
An ad for Maybelline age-minimizing makeup in Ladies' Home Journal magazine featured actress Melina Kanakaredes and offered readers a $1-off coupon when they tried the new makeup. In terms of the communication model, the sender of this message is _______
a) Melina Kanakaredes B) Ladies' Home Journal C) readers who redeem the $1-off coupon D) Maybelline E) the target market to which Melina Kanakaredes appeals