Advanced Estate Planning Quiz | ENGAGE 2022

Advanced Estate Planning Quiz Overall Results

Lack of communication causes a failure to successfully transfer wealth to the next generation what % of the time?

Parent sells their child stock in a closely held business based using the fair market value opinion of the shares determined by an appraiser to set the sales price. From the standpoint of achieving best protection that the IRS will not be able to assert that a gift arose on the sale with attendant adverse impact for later estate or gift tax purposes, the parent should:

Prior to 1984, if a trust funded a residuary bequest in-kind with appreciated property, the cost basis of the property in the hands of the beneficiary was: