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20. A revocable transfer is a transfer where the transferor retains the right to alter, amend, revoke, or terminate the transfer. a. True b. False
20. A revocable transfer is a transfer where the transferor retains the right to alter, amend, revoke, or terminate the transfer.
a. True b. False
21. The executor can make the election to value the estate using the alternate valuation date if such election will decrease both the value of the gross estate and the estate tax liability.
a. True b. False
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