Which of the following statements accurately describes a transfer tax planning issue?

A.

A gift for a minor child, distributable to the child upon the childs 18th birthday, is a taxable gift to the extent that it exceeds a present value of $14,000.

B.

Upon the death of one its owners, a property owned in joint tenancy automatically goes to the survivors and bypasses the estate of the decedent.

C.

Gifts given in contemplation of marriage, such as an engagement ring to a fiance, are excludable from taxable gifts so long as the marriage occurs no later than sometime within the following tax year.

D.

Income in respect of a decedent, includible on the fiduciary income tax return, is excluded from the valuation of the gross estate of the decedent.