IDNLearn.com: Your go-to resource for finding precise and accurate answers. Join our community to access reliable and comprehensive responses to your questions from experienced professionals.

Holly read an article promoting lifetime gifting. prior to reading this article, holly had planned to leave all of her property through a testamentary transfer. what advice would you give holly regarding the advantages of a lifetime gift over a testamentary transfer?
a) the donee generally has a smaller capital gain when selling a gifted asset instead of selling an inherited asset.
b) the gifted item is removed from the probate estate.
c) a gift during life is usually less expensive than a testamentary transfer.
d) the annual exclusion is limited to family members