Which of the following is a true statement? leaving all property to the surviving spouse maximizes the marital deduction and therefore minimizes total transfer taxes on the estates of both spouses. a bypass provision in the will of the deceased spouse is designed to use the unified credit of the deceased spouse by transferring property to beneficiaries other than the surviving spouse. serial gifts are limited in scope because only $10,000 can be transferred each year tax-free to any specific donee. serial gifts can move significant amounts of wealth only if employed by multiple donors. none of these is true?

leaving all property to the surviving spouse maximizes the marital deduction and therefore minimizes total transfer taxes on the estates of both spouses.

Explanation:

The US Federal Estate and Gift Tax Law  allows the surviving spouse to claim an unlimited marital deduction which includes all the assets transferred by the deceased spouse at any given time, even after death. The marital deduction usually covers 100% of federal estate tax, so the surviving spouse doesn't need to pay taxes on the transfers.

probably not? : o

unless you work at a circus or any other job like that. c:

maybe..

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%