Answered

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Holly read an article promoting lifetime gifting. prior to reading this article, holly had planned to leave all of her property through a testamentary transfer. what advice would you give holly regarding the advantages of a lifetime gift over a testamentary transfer?
a) the donee generally has a smaller capital gain when selling a gifted asset instead of selling an inherited asset.
b) the gifted item is removed from the probate estate.
c) a gift during life is usually less expensive than a testamentary transfer.
d) the annual exclusion is limited to family members

Sagot :

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