On the advice of their attorney and accountant, Betsy and John have decided to make substantial transfers. They would like to pass most of their considerable wealth to their grandchildren.
Which of the following statements concerning gifts made to their grandchildren is correct?
A . The GSTT annual exclusion may be utilized by Betsy and John for each grandchild during life time and at death.
B . The value of Betsy and John’s GSTT exemption amounts are slightly increased when used at death rather than during life time.
C . The GSTT annual exclusion is unavailable for years in which Betsy and John make tuition gifts for the grandchildren.
D . Betsy and John may elect to split any GSTT transfers to the grandchildren.
Answer: D
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