QUESTION 37

Which of the following would qualify for a gift-splitting?

Herbert and his wife Kelly transfer stock worth $30,000 to their son Ignatius.

Jakob and his wife Mariska, a Hungarian citizen living in Hungary, transfer stock worth $30,000 to their son Istvan.

Louise and Marv transfer stock worth $30,000 to their son Nels before their divorce, although Louise has since remarried.

None of the above.

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QUESTION 38

Which of the following would most likely be included in the decedent's gross estate?

$100,000 face value life insurance policy on the life of the decedent's brother.

$100,000 undistributed retirement account balance.

$100,000 bank account held as joint tenants with rights of survivorship with the decedent's spouse.

All of the above.

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QUESTION 39

Oscar dies on February 2, 2016. The property included in his gross estate could be potentially valued for estate tax purposes:

on February 2, 2016.

on November 2, 2016.

on August 2, 2016.

Two of the above.