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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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