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KNOWLEDGE CHECK

Technical
Estate planning

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* When the beneficiary is a “skip person”, the generation skipping tax is levied in which of the following?

Direct skips and nontaxable distributions.

Direct skips, taxable terminations, and taxable distributions.

Direct skips, taxable terminations, taxable distributions, and nontaxable distributions.

None of the above.

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Technical Estate planning

Technical Estate planning

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Technical
Estate planning

Technical
Estate planning