The split-gift provision allows a married person to double the amount that they can give away without tax liability.

South Carolina is a community property state.

EXTRA CREDIT (UP TO 3 POINTS) Discuss the Simultaneous Death Act.

Pursuant to the Uniform Simultaneous Death Act what happens when the only stated beneficiary  of a life insurance policy dies simultaneously with the insured

Please discuss insurance as an estate planning tool. Also, discuss the difference between term, whole life, limited-payment, and universal life insurance.

Bethlehem Hospital was often referred to by local residents as “Bedlam.” In its current use, the term bedlam refers to which characteristic of the old hospital?

Stocks and bonds are examples of intangible personal property.

A donor of a gift can give up to $900,000 per year per donee without tax consequences.

When a person dies without a will the personal representative has to be a government employee.

This is an extra essay style question in case of an emergency.