35. From an estate planning perspective, the benefits of a family limited partnership include: I. Reducing the value of the estate for estate tax purposes. ll. Leveraging the value of lifetime gifts. lll. Maintaining control over gifted assets during lifetime. A. land II B. ll C. II and Ill D. i, II and Ill 36. Which of the following statements is not correct concerning a preferred stock recapitalization of a private business? A. When the owner gifts non-voting common shares to his children, he will make a taxable gift. . Dividends may be noncumulative. B C. The value of the voting preferred shares will be included in the owner's estate. D. The owner will pay income tax on any dividends received