please help with questions 10 AND 16 only , thank you 7

SOLUTIONS to the discussion questions can be found exclusively within the chapter. Once you have completed an initial reading of the chapter, go back and highlight the answers to these questions. 1. Explain how an intra-family sale of property can be an advantageous strategy for reducing an individual's gross estate. 2. List three of the major differences in the gross estate treatment of transfers during life and bequests at death. 3. List the transfer techniques most commonly used with loved ones. 4. What is the term of a private annuity? 5. What is the buyer's adjusted basis in property purchased through a private annuity? 6. What is the SCIN premium? 7. If the seller outlives the term of a SCIN, how is the buyer affected? 8. What is the buyer's adjusted basis in property purchased through a SCIN? 9. Explain the gift tax consequences of a SCIN and a private annuity. 10. What is a GRIT? 11. What is a Grantor Retained Annuity Trust (GRAT)? 12. Explain the gift tax consequences of a GRAT. 13. What are the tax consequences if the grantor of a GRAT dies before the trust term ends? 14. How does a Grantor Retained Unitrust (GRUT) differ from a GRAT? 15. What is a Qualified Personal Residence Trust (QPRT)? 16. Explain the gift tax consequences of a QPRT. 17. What is the usual primary purpose of establishing a family limited partnership? 18. Discuss the discounts available when valuing the interests of a family limited partnership. 19. List the disadvantages of using a family limited partnership to transfer interest in property. 20. Which property transfers at death by contract