Advanced Estate Planning Quiz | Engage

Advanced Estate Planning Quiz

Read each multiple-choice question and select the best answer.

Question 1

In determining the value of a closely held business for Form 706

Property taxes are relevant

Income taxes are a consideration

All entities are treated the same

Question 2

IRS 2024 final distribution regulations:

Interpret changes made by the 2019 SECURE Act

Do not apply before 2025

Clarify all questions regarding inherited retirement benefits

Question 3

Grantor Trusts

Are ignored for 706 purposes

Save both income and estate taxes

Require analysis of the trust document