What are the tax implications to a holder of a special power of appointment? a.

Question

What are the tax implications to a holder of a special power of appointment? a. They are subject to the annual $13,000 de minimus rule. b. They are subject to estate but not gift tax consequences. c. They are subject to estate but not generation skipping transfer tax consequences. d. There are no tax implications.

What are the tax implications to a holder of a special power of appointment? a. They are subject to the annual $13,000 de minimus rule. b. They are subject to estate but not gift tax consequences. c. They are subject to estate but not generation skipping transfer tax consequences. d. There are no tax implications.

Explanation / Answer

b. They are subject to estate but not gift tax consequences.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.