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Penelope disclaimed a portion of her husband Hectors estate worth $300,000. The money passed to their son, Julio, who was named in Hectors will as
Penelope disclaimed a portion of her husband Hectors estate worth $300,000. The money passed to their son, Julio, who was named in Hectors will as the contingent beneficiary of his estate. Penelope made a taxable gift to Julio of $300,000 on the date she disclaimed the property. True or False?
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