Estate planning

D. 10 year GRUT True or False: 23. When a parent makes a loan to a child and does not charge interest, there is no income or gift tax consequence if the child pays back the principal. 24. In a sale-leaseback, if the sale price is less than the FMV of the property, the lessor is making a gift of the difference to the lessee. H 25. When an installment sale is based on the full FMV of the property transferred, the seller has not made a gift to the buyer of the property. 26. Only an individual can act as the general partner in a family limited partnership. 27. A limited liability company offers greater creditor protection than a family limited partnership. 28. The general partner in an FLP may transfer all of his assets to the FLP