HS 330 Practice Questions - HS 330 Fundamentals Of Estate Planning Exam

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A gift in trust gives the beneficiary no current right to income or principal until age 30. For gift tax purposes, this transfer is characterized as a gift of:

A present interest qualifying for the annual exclusion A future interest not qualifying for the annual exclusion A terminable interest qualifying for the marital deduction An incomplete gift with no tax consequences

Correct Answer:

A future interest not qualifying for the annual exclusion

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