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What are the tax implications to a holder of a special power of appointment? A - There are no tax implications B - They are
What are the tax implications to a holder of a special power of appointment?
A - There are no tax implications
B - They are subject to estate but not gift tax consequences
C - They are subject to the annual $12,000 (in 2006) de minimus rule
D - They are subject to estate but not generation skipping transfer tax consequences
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