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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
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.
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