The unified credit is designed to:

apply only to taxable transfers included in the gross estate.

prevent taxation of cumulative transfers that do not exceed a certain minimum amount.

apply to amounts not already eliminated by the exemption equivalent.

exclude up to $1 million for any individual transfer.

None of these.

The unified credit is designed to: apply only to taxable transfers included in the gross estate. prevent taxation of cumulative transfers that do not exceed a certain minimum amount. apply to amounts not already eliminated by the exemption equivalent. exclude up to $1 million for any individual transfer. None of these